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New Mexico Employment Contract Templates

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A New Mexico employment contract is an agreement made between an employer and the individual they are hiring for a particular position. The contract covers important terms such as the employee’s duties and responsibilities, period of employment, compensation, benefits, vacation time, and personal leave.

Businesses are not required to use employment contracts to hire individuals, but having their employees sign this contract establishes an understanding between the parties with regard to the employee’s role, the employer’s obligations and rights, and the disciplinary procedures implemented by the company. The contract also allows the employer to institute a non-compete clause with the employee if they feel the knowledge gained during their employment could be of benefit to the company’s competitors.

Contents

Types (2)

Independent Contractor Agreement – A contract between a client and an independent contractor.

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Subcontractor Agreement – A written agreement between a contractor and a subcontractor.

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