employment contract; contract of employment
Formal term used in legal, business, and HR contexts to refer to a written or verbal agreement between employer and employee.
The new employee signed the employment contract.
Please carefully check the terms of the employment contract.
労働契約 is a broader term for 'labor contract' that can include collective agreements, while 雇用契約 specifically refers to an individual employment contract.
Compound of 雇用 (employment) and 契約 (contract).