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Legal regulations of management

            
             Every state has its law and code system. In the business world its very important labour code, as it regulates and ensures the legal actions in the organizations. Today I'll present only the main aspects of the legal regulations of management. It is the employment contract ( individual contract'), collective bargaining and collective agreements (or collective contract'). These terms are described in each state labour code and frequently the authors of the books refer to its state law and codes.
             The employment contract.
             I. Employment contract -is a contract between employer and employee. (www.hyperdictionary.com).
             II. Thomason describes the employment contract in such way:.
             ".employment is established by 'agreement' between the two parties, employer and employee, and this agreement is identified by the particular term contract of employment'."".
             III. A contract of employment is an agreement entered into by an employer and an employee under which they have certain mutual obligations. (www.cst.gov.uk/er/index.htm).
             IV. The Finnish Employment Contracts Act (no. 320 of 1970 - section 1) defines an employment contract as a contract whereby the employee agrees to perform work for the employer under the direction and supervision of the employer and in return for remuneration (atlyginimas, kompensa-cija). (www.pp.clinet.fi/~daryl/EmploymentFAQ.html).
             Almost in every definition it is the same beginning: employment contract is an agreement between employer and employee. And from now begins the diversity for the ending this definition. The second definition ends that by agreement is established employment. The third - that agreement has certain mutual obligations. It does not show what kind of mutual obligations are. And the last - the most accurative definition of all these. It says employee agrees to perform work in return for remuneration under the employer control. To my mind the best definition for employment contract is the third as it says that it is an agreement between employer and employee under which they have certain mutual obligations.


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