In this type of plan, if a triggering event (e.g. death, disability, retirement, etc.) occurs, the business will buy the departing owner’s share of the business. BenefitsAgain, some choose to include this type of information in the Employee Handbook or other HR documents, but some include it in the Employment Contract. Benefits may include health insurance, information about paid time off, life insurance, disability insurance, company holidays and more. If you run a business, and have an existing employment agreement with an employee, and need to alter it, you can use an Employee Agreement Amendment. Sometimes changes are necessary if the work responsibilities have shifted, or if you'd like to reward an employee with more vacation days. An Employment Agreement Amendment is useful when you want to change only one or two terms in an existing contract. In Australian law, a contract can be set aside due to unconscionable dealing. Firstly, the claimant must show that they were under a special disability, the test for this being that they were unable to act in their best interest. Whether you’re a freelancer or company, it’s always good to have a solid proposal template in your back pocket. You can use this for all your clients, with only minor changes from account to account.