May 3, 2011
The essence of a contract is the fulfillment of each party’s obligations to perform under the specified terms and conditions to accomplish the contract’s objective. A contract of employment is also a reciprocal agreement—the employer must fulfill its obligations to the employee and the employee must perform its duties for the employer. Failure by one party to perform the duties as agreed will result in the other party having the right to make a claim for compensation for such breach.