CONTRACTS
A contract is an agreement between two or more persons which creates an obligation to do or not to do a particular thing. A contract is a legal relationship; a promise or set of promises constituting an agreement that gives each person a legal duty to the other and also the right to seek a remedy for the breach of those duties. Several types of contracts are:
Employment: An agreement or contract between employer and employee in which the terms and conditions of one's employment are provided.
Independent Contractor: An independent contractor is a person who contracts with another to do something for him but who is not controlled by the other nor subject to the other's right to control, with respect to his physical conduct in the performance of the task. He may or may not be an agent. Generally, an independent contractor is someone who contracts to do a piece of work according to his own methods and is subject to the contractor's control only as to the end product or final result of his work.
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