Employment Agreements

Employment agreements are useful tools for employers and employees alike that legally define the parameters and expectations of a job for both parties. Within the work agreement, the first thing usually defined is the job description, along with any information about changes to the job description the employer can make. This includes a detailing of the employee's job responsibilities. The length of the job is also defined, as is the salary, payment structure, bonus structure (if one exists) and any and all benefits. If there are also stock or ownership options, these will be defined in the agreement. Causes for termination and dismissal are also outlined, along with what, if any, severance packages there are for termination. Dispute resolution is also put into an employment agreement, as are any and all terms of confidentiality.

Fast Facts

  • Most Independent Contractors sign employment agreements
  • Employment agreements usually include a different tax code for employees

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