Employment Agreement Template (India B2B / Corporate)

EMPLOYMENT AGREEMENT

This Employment Agreement ("Agreement") is entered into as of [Date] by and between:
[Company Legal Name], a company incorporated under the Companies Act 2013, having its registered office at [Company Address] ("Employer" or "Company");
AND
[Employee Full Name], residing at [Employee Address], PAN: [PAN Number] ("Employee").

1. APPOINTMENT & DUTIES:
The Company hereby employs the Employee in the designation of [Designation], and the Employee agrees to serve the Company on a full-time basis.

2. PROBATION & CONFIRMATION:
The Employee shall serve a probation period of [e.g., 3 / 6 months]. Upon satisfactory completion, employment shall be confirmed in writing.

3. COMPENSATION & TAXES:
The Employee shall receive an annual Cost to Company (CTC) of INR [Amount] as detailed in Annexure A. All payments are subject to statutory tax deduction at source (TDS), Provident Fund, and Professional Tax.

4. INTELLECTUAL PROPERTY ASSIGNMENT:
All inventions, software code, designs, algorithms, and documentation developed by the Employee during the course of employment shall be the sole and exclusive property of the Company worldwide under Section 17(c) of the Copyright Act, 1957.

5. NON-SOLICITATION & CONFIDENTIALITY:
The Employee agrees not to disclose any proprietary Company information and shall not, for a period of 12 months post-termination, solicit Company employees, contractors, or active clients.

6. TERMINATION & NOTICE PERIOD:
Either party may terminate this agreement by giving [30 / 60 / 90 days] prior written notice or payment of basic salary in lieu thereof.

EMPLOYER: [Company Name]                 EMPLOYEE: [Employee Name]
By: ___________________________          Signature: ______________________