Updated November 22, 2023
An Oklahoma employment contract agreement is a tool used by an employer to create terms for a transaction of services performed by a hired party. Outlined in the contract is the employee’s schedule, compensation for the services offered, their rights and responsibilities, as well as articles prohibiting them from disclosing trade secrets or initiating business transactions with competing organizations. With a contract agreement in place, the employer is protected in situations where the employee fails to adhere to the provisions of the contract or neglects to fulfill their appointed duties.
By Type (4)
Employee Non-Disclosure Agreement (NDA) – Defines what business information may or may not be disclosed by an employee.
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Employee Non-Compete Agreement – Specifies whether or not an employee may initiate business transactions with competitors, clients, other employees, etc.
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Independent Contractor Agreement – Creates the provisions which establish an independent contractor’s salary, schedule, responsibilities, and other details relating to their relationship with their client.
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Subcontractor Agreement – Implemented when an individual or business hires a subcontractor to assist in completing a specific duty.
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Table of Contents |
What is an Employee?
“Employee” Definition[1]
“. . . any person performing or applying for work or service of any kind or character for hire.”
At-Will Employment
At-Will Employment – Allowed with the exception of any “Public Policy” and “Implied Contract” understandings.
Income Tax Rate (Individual)
Individual Income Tax Rate – .5% to 5%[2]
Minimum Wage ($/hr)
Minimum Wage – $7.25[3]