The contract of employment underpins the whole employment relationship. Despite it being such an important document, some employers do not have written contracts at all. Others may have used the same precedent for years and “filled in the blanks”. In other cases, employers have bought “off the peg” contracts either from the web or from an unqualified and unregulated source, placing their business at unnecessary risk.
The result can often be a contract which is unclear, ambiguous - or worst of all, out of date. This is false economy, as disputes arising are more likely to require the courts or Employment Tribunals to determine what the contract was supposed to mean. Needless to say, any ambiguities will not be construed in your favour. In some cases, you can even have compensation awards made against you, if your contracts are not compliant.