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Employment Agreements
An employment agreement is indeed important for both the employer and a newly hired employee. This contract indicates various stipulations on how they should relate with each other. Thus, it is equally vital to know the standard elements included in an employment agreement.
Here are some:
Employment Duties
The first part must state the employee’s acceptance of the job position as well as the nature of the business that he/she will be engaging. The new employee must also agree to devote his/her efforts in performing his/her duties assigned to him/her by the company officers or owners.
In some instances, this part also tackles the location of the business and travels that may be necessary. An employee must not also get involved in any other jobs outside the company, especially if it will affect his/her performance and/or the company operations as a whole.
Terms of Employment
This states provisions regarding the length of employment.
Compensation
It is imperative to discuss the salary of an employee who performs a particular task. Here, the company may state the conditions on pay and reimbursements for an employee’s expenses necessary for the performance of his/her duties.
This part may also discuss the conditions on the employee’s entitlements for medical and disability benefits.
Termination
To avoid legal problems in firing an employee, an employer must indicate the company’s employment termination conditions. These may include:
- Employment disability
- Death
- Ineffectiveness or reluctance in performing duties
- Intentional acts that affect the company’s reputation and operations
- Conviction in any criminal act
- Breach of employment agreement
Confidentiality Clause
To protect secret matters regarding the company’s operations and intellectual property, most employers include this section on their employment agreements. This obliges the employees not to divulge any confidential matters and affairs of the company with anyone who is not a part of the company.
Many other provisions may be included in an employment agreement. For expert assistance in constructing one, you may seek the aid of our employment attorneys.
Our employment attorneys are adept about the proper procedures and elements in organizing a good employment agreement. Just dial our toll-free number and our friendly legal staff will gladly assist you.