Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Contracts

In common law, employment is viewed and treated as a contract, and as such is subject to all the usual laws of contracts. Consideration must, therefore pass from one party to another for a contract to be considered to be binding and for the statute of frauds to apply.
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Contract Year

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Contributed Surplus

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