The basics of the employment relationship and the job security hierarchy are explained along with the major elements of contract law. Contracts may or may not include only the "four corners" of a contract letter, but such documents may also include faculty handbooks, memoranda of understanding, promises made during the interview process, past practices, and institutional culture. Prominent cases are examined as they pertain to the security of academic jobs.
Keywords: Elements of a contract, Judicial precedent, Collective bargaining, Collective bargaining agreements, Faculty handbooks, Verbal agreements, Offer, Acceptance, Consideration, Legality of a contract
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