Most employees are not hired or employed by means of a written employment agreement. In some situations, however, formalizing the terms and conditions of employment may be advisable. Essentially, when employees attain a certain status within the organization – or simply a high level of compensation – an agreement specifying duties, benefits, employment termination rights and other details may be valuable to the employer and employee alike.
Employment agreements need not be all-encompassing; they can be limited to address only select aspects of the relationship, such as the employee’s obligations after employment terminates or the parameters of dispute resolution between the parties (such as arbitration or waiver of a jury trial).
Taft’s Labor and Employment attorneys are available to evaluate any existing employment agreements, discuss the benefits and drawbacks of implementing new agreements, and prepare appropriate contractual language.