Glossary of Legal Terms

Employers’ representative agency A public association established voluntarily by employers operating under their own bylaws and the law to protect the employment, social and economic rights associated with their business and interests with respect to ownership and industrial and labor relations

Employment Performance of duties by physical person in accordance with agreement (contract) for compensation payment regulated by labor code. Any physical person engaged in employment shall be termed «the employee» in this Code. A person who pays for the service rendered by such physical person as an employee shall be termed «the employer» and said payment shall be termed «the salary».

Employment contract (agreement) (hereinafter «employment contract») A written contract by and between an employer and employee on an individual basis describing the basic conditions of employment and the rights and obligations of the parties

Energy resources Oil, oil products, gas, electricity, heat, water and atom energies, restored and other energy carriers utilized in accordance with the current level or development of technics

Energy saving policy State policy implemented by way of legal, organizational and financial-economic regulation of the production (extraction), refining, treatment, transportation, storage, stock-taking and consumption processes with the aim of rational and efficient utilization of energy resources

Enterprise A legal entity, its affiliate or representation established by the owner regardless of the legal form, name or activity of the organization

Enterprise-debtor Legal entity-debtor, which carries out or carried out earlier activity on the territory of the Azerbaijan Republic

Enterprise’s assets Property of the enterprise consisting of its fixed assets, of other long-term investments (including non-tangible assets), of circulating assets and financial assets

Enterprise’s liabilities An obligation consisting of debts and borrowed finances, including credit indebtedness (except subventions, subsidies, internal funds and a number of other sources)

Environmental monitoring The system of regular observations, for determination of chemical content, level of pollution, radioactivity, hydro-biological properties, physical characteristics of air, water and soil medium for the purposes of this medium’s conditions evaluation and forecasting