This text discusses the importance of having an employment agreement in place before hiring an employee. It emphasizes the need to discuss and define important employment terms such as pay, job title, and responsibilities, and provides sample templates for employers to use. The text also describes an employment contract as outlining the rights, responsibilities, and obligations of both the employer and employee during the period of employment. It includes a link to download a sample contract for personal use. Additionally, the text mentions an executive employment agreement for higher-level positions.