personal contract

personal contract

a CONTRACT OF EMPLOYMENT which is determined solely by the employer and employee, and covers only that one employee. Many of the collective agreements underlying the terms of employment contracts, such as standardized conditions of employment reached by agreement by employer and trade unions, are explicitly excluded. The main purpose of most personal contracts is to take employees' pay out of the ambit of COLLECTIVE BARGAINING and to remove or limit employees' rights to representation by a trade union, thereby weakening trade unions. Instead an employee's pay is determined on a personal basis between employer and employee. For this reason personal contracts are often introduced alongside PERFORMANCE-RELATED PAY. Personal contracts often appear attractive to employees because it is common for substantial cash inducements to be given to encourage employees to sign them and because they appear to be more personalized than previous contracts. In practice most personal contracts are standardized with employees given little opportunity to negotiate over the contract's terms. Furthermore, most give greater discretion to employers than those they are replacing.
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CAR hunters have been warned to steer clear of Personal Contract Plan loans which could plunge them into debt.
The new Stadium Way dealership in Sunderland, which sells the entire new Mazda model lineup, is offering the popular Mazda3 model with 0% APR on Mazda Personal Contract Purchase and motorists who take advantage of the deal can also benefit from a PS1,250 Mazda Deposit Contribution with an extra PS500 for existing customers.
PCP car deals: Personal Contract Purchase deals came under scrutiny in July - and how people were borrowing way beyond their means on very complicated contracts.
Most are bought with personal contract purchase deals, introduced ten years ago, because salesmen get the best commission.
Customers can combine the scrappage allowance with one of Vauxhall's finance offers including Personal Contract Payment plans and with finance deposit contributions, where applicable.
Stewart Grant, commercial director, Santander Consumer Finance, speaking to Fleet News, said, 'The launch of a business contract hire and personal contract hire offering is an extension of our reach and a key component of our future strategy.
SKODA'S summer Big Event is up and running with offers that include 0% finance, PS750 of free fuel and deposit contributions from PS500 to PS1,500 when purchased on a Solutions Personal Contract plan.
Mazda 1st Quarter offers: All-new Mazda2 75ps SE PS119 per month plus deposit on Mazda Personal Contract Purchase All-new Mazda3 120PS SE 0% APR Representative on Mazda Personal Contract Purchase, also includes a PS1,000 Mazda Deposit Contribution Mazda6 Saloon 145PS SE 0% APR Representative on Mazda Personal Contract Purchase, offer also includes a PS2,500 Mazda Deposit Contribution 2015 Mazda CX-5 165ps 2WD SE-L Nav PS299 per month plus initial rental on Mazda Personal Contract Hire 2015 Mazda CX-3 120ps 2WD SE PS179 per month plus initial rental on Mazda Personal Contract Hire Mazda MX-5 131PS SE 0% APR Representative on Mazda Personal Contract Purchase with a minimum 50% deposit.
With the Hadfield Road dealer's Personal Contract Purchase (PCP) offers, all-new Mazda CX-3 customers benefit from 3.
HIRE PURCHASE OR PERSONAL CONTRACT PURCHASE With a hire purchase agreement, you purchase the car outright but don't actually own it until the final payment is made.
Justice Cooke found that there was a personal contract between Nobu Su and Polys Haji-Ioannou via an oral agreement.
For customers wishing to take the personal contract hire option, S-Cross SZ-T is available for 41 monthly payments of PS179 with an initial payment of PS2,148.

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