|
|

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.
For a Limited Time receive a FREE HR Report on the "Critical HR Recordkeeping”.  This exclusive special report covers hiring records, employment relationships, termination records, litigation issues, electronic information issues, tips for better recordkeeping, and a list of legal requirements.  Download Now
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, ...

>> Read more about Employment Contracts

More on this topic:

State Requirements

Alabama | Alaska | Arizona | Arkansas | California | Colorado | Connecticut | Delaware | District of Columbia | Florida | Georgia | Hawaii | Idaho | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Michigan | Minnesota | Mississippi | Missouri | Montana | Nebraska | Nevada | New Hampshire | New Jersey | New Mexico | New York | North Carolina | North Dakota | Ohio | Oklahoma | Oregon | Pennsylvania | Rhode Island | South Carolina | South Dakota | Tennessee | Texas | Utah | Vermont | Virginia | Washington | West Virginia | Wisconsin | Wyoming |

Employment Contracts Resources

Employment Contracts Products

Employee Compensation in [Your State]
This comprehensive resource solves your two biggest headaches in employee compensation. It gives you wage and hour law explanations and comparisons between state and federal. Saves you time and worry, makes sure you pay competitively.
    Subscription includes online companion site. "
China Employment Law Webinar Recording
BLR Webinar: "China Employment Law Compliance for U.S. Employers: How to manage contracts, regulations, and people""
Employing in Canada 2012 Webinar Recording
BLR Webinar: "Employing in Canada 2012: Essential HR Policies and Practices""
Operating in Canada Webinar Recording
BLR Webinar: "Operating in Canada: New Dos and Don'ts for Employers""
Employing in Latin America Webinar Recording
BLR Webinar: "Employing in Latin America: How to Manage Benefits, Contracts, Pay Policies, and More""
Free Special Reports
Get Your FREE HR Management Special Report. Download Any One Of These FREE Special Reports, Instantly!
Featured Special Report
Claim Your Free Copy of Critical HR Recordkeeping

Record retention is complex and time consuming. However, in addition to complying with various federal and state laws, keeping good, well-organized records can be very helpful in documenting and supporting an organization’s employment actions.
Download Now!


This special report will discuss how you can ensure your records are in good order, and establish a record-retention policy.

Topics covered:
1. Hiring Records
2. Employment Relationships
3. Termination Records
4. Litigation Issues
5. Electronic Information Issues
6. Tips for Better Recordkeeping
7. A List of Legal Requirements

Make sure you have the information you need to know to keep your records in order.