If you’re reading this, chances are you’ve signed an employment contract at some point in your life. The employment contract spells out the terms of the relationship between you and your employer. Contracts are useful for the employer to control the employee’s ability to leave the business. For example, an employee contract can lock the employee into a specific period of time, or require them to give you enough notice to train a replacement.
There are all different types of employment contracts. Here are examples of just a few.
- Offer Letters. Once agreed to and signed, an offer letter may be an enforceable contract. Usually an offer letter contains specific information regarding wages, benefits, and terms of employment.
- At-Will Employment. At-will employment means that most employment is terminable “at-will.” An at-will employee can be terminated or quit at any time for any reason.
- Individual Employment Contracts. Employers and employees may negotiate separate, personalized employment contracts governing the terms of the employment relationship.
- Confidentiality/Non-compete Agreements. Also known a form of restrictive covenants, these contracts require the employee to agree to such things as assigning his or her rights to inventions/copyrights, will not disclose confidential information, and will not compete with the employer.
- Separation/Severance Agreements. These agreements govern the termination of the business relationship between the employer and the employee. They are frequently required as a condition to receive a severance package.
Before you sign any employment contract, you should consult with an attorney who has knowledge and experience in this area. The lawyers of are experienced employment litigation attorneys who can provide the advice you need regarding employment agreements.