What is the difference between a common law contract and a contract under wage and hour law?

A common law contract is a legally binding agreement between two or more parties. The contract must have certain elements; an offer, acceptance, and consideration (anything of value). Common law contracts can be verbal or written. A contract under wage and hour law is a type of employment contract that governs the wages and hours worked by an employee. It is a legislative contract, meaning it is required by federal and/or state laws and regulations. It outlines the wages, hours, overtime, and other labor provisions that employers must adhere to. The key difference between a common law contract and a contract under wage and hour law is that the latter is legislatively mandated, while the former is not. Another major difference is that commonly law contracts can be verbal or written, while contracts under wage and hour law must be in writing. Additionally, common law contracts are negotiable, which means the parties involved can come to an agreement on the terms of the contract. However, contracts under wage and hour law cannot be altered or negotiated.

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What is the difference between a common law contract and a contract under wage and hour law?

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