(Contractor name) is not to incur any additional costs under the contract until it receives a modification that increases the available funding. At this time, (Contractor name) may not recover costs in excess of the (dollar amount), the funding currently available for payment on the contract.
Also called a contract or a union contract, a collective bargaining agreement (CBA) is an legally binding contract between the employees (union) and the employer, arrived at through negotiations between the parties, which lays out the rights and duties of each party.
An employment contract is a legal document that establishes the rights and responsibilities of two parties â the employer and the employee.It is general drawn up at the time of hire and serves as a binding set of guidelines for the duration of the employment.ometimes, an employer may ask an employee to sign an âat-willâ agreement; however, as the tenets of âat-willâ employment are fairly basic, this agreement is usually simply a clause of a signed offer letter or employee handbook, rather than a separate contract.