Posts

Showing posts with the label contractual employment agreement

Employment Agreement

Image
 An agreement is made at the time of hiring that specifies the nature of the employer-employee relationship, including the amount of money that will be given to the employee in exchange for performing a certain amount of labor. Most of the time, hiring personnel is a simple process. The majority of states consider employment to be "at will," meaning that you have the right to fire a worker at any moment for any reason or no reason. (Alternatively, your employee has the option to resign for any reason.) However, there are some situations when employment contracts are sensible. The benefits come first. You may recruit and keep critical personnel by using an employment contract. Even while you can't make workers remain, a contract can guarantee that they'll give you a fair amount of notice—typically 60 to 90 days—before leaving. In high-tech businesses, employment contracts are particularly important for protecting vital trade secrets. Employees may be prohibited from di...