Nowadays labour market demands are more often satisfied by concluding a study contract at workplaces. This contract may generate a number of benefits for the employer and the employee as well. Taking into consideration the above mentioned, the author strives to summarize the necessity and the advantages of the study contract from the point of view of the labour market; furthermore, the present paper explores how the study contract is regulated in the Hungarian Labour Code. The Code stipulates fewer provisions on the study contract compared with the former labour law regulation, so parties have a greater freedom of choice to conclude contractual provisions taking their special employment relationship and labour market demands into account. In order to avoid legal disputes among the parties concerned the author tries to pay attention to the more important questions which should be regulated in a study contract.