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Employment Contracts: What you need to know

An employment agreement is a written, binding contract between an employer and a prospective or current employee that, when properly drafted, can be a highly effective way of protecting a company's financial and intellectual resources. As a result, most employers require an employment contract as a condition of employment when the employee holds a position that is highly influential (e.g., chief executive officer), involves sensitive trade secrets or client information (e.g., sales positions, engineers, and computer programmers), or requires a significant amount of “front-end” cost (e.g., relocation packages, extensive or specialized training, sign-on bonus). In addition, employers may use a separation or severance agreement at the end of the employment relationship or may enter into agreements that deal with a limited subject or scope, such as arbitration agreements or noncompete agreements. All employment agreements are legally binding on the employer and, therefore, employers are best served by having them drafted and reviewed by an experienced employment law attorney.
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Contract law is a particularly complex discipline that relies largely on common law, which is law as developed by judges and court cases. Contracts must generally be interpreted on a case-by-case basis that can change significantly depending on the facts of the particular agreement between parties. Because of the variability and nuance involved, and the risk that comes with an improperly drafted contract of any type, it cannot be overemphasized how important it is for employers to seek the assistance of legal counsel when drafting and reviewing contracts of any type, ...

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Employment Contracts Resources

Employment Contracts Products

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Claim Your Free Copy of Top 100 FLSA Overtime Q&As

We’ve compiled a list of the 100 most commonly asked questions we have received on the federal Fair Labor Standards Act (FLSA) overtime regulations.
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This report, "Top 100 FLSA Q&As", is designed to provide you with an examination of the federal FLSA overtime regulations in Q&A format, including valuable tips for bringing your workplace into compliance in an affordable manner.

At the end of the report, you will find a list of state resources on wage and hour issues. This report includes practical advice on topics such as:
  • FLSA Coverage: How FLSA regulations apply to all employers and any specific exemptions from the overtime requirements
  • Salary Level: Qualifying for exemptions and nonexempt employees
  • Deductions from Pay: Deducting for violations, disciplinary reasons, sick leave, or personal leave


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