Employment contracts may seem part of the “big corporate” structure, but today, many employers of all sizes use employment contracts for their employees to address a number of different issues. Even the smallest organizations can benefit from employment contracts. And, they aren’t just for top management positions. From confidentiality, ownership of inventions and post-employment covenants, employment contracts can be a key part of protecting your growing company’s assets.
Every employee (and independent contractor) likely should have at least a minimal form of an employment agreement. Obviously, the more senior and important the employee is to the organization, the more significant the issues to address in an employment agreement. What follows are three questions you should ask yourself in considering whether employment contracts are right for your business.
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