Offer letter – a formal letter confirming an offer of employment sent to the successful candidate.
Standard employment contract (full-time) – an agreement between an employer and employee that sets out the terms of full-time employment. When a startup employs staff, it must ensure that it has an employment contract in place that is compliant with the Fair Work Act 2009 (Cth) and it contains the necessary terms protecting confidentiality and intellectual property.
Standard contractor agreement – an agreement between a startup and contractor which spells out the terms of engagement, including documenting that all confidential information and intellectual property created by the contractor belongs to the startup. A detailed and unambiguous contractor agreement also assists a startup to mitigate the risk of any employment and tax disputes.