Employment Contracts

You're so excited to receive a job offer that you throw your employee contract to the side and begin to celebrate. While it's okay to be happy for yourself, don't do anything else until you review your contract.Here are some questions to answer as you review your...

When you receive an offer of employment, it's natural to turn most of your attention to the here and now. You'll focus on how much money you're earning, the potential for bonuses and the number of vacation days you receive. While these are all important details, you...

Depending on your profession, you may tinker with a variety of ideas. In fact, you may even have the responsibility of creating new products for your company.With this in mind, it's not out of the question for your employment contract to include an ownership of...

You're closer than ever to landing that executive position you've been chasing for so many years. The last thing you have to do is review your employment contract and sign on the dotted line.As excited as you may be about pushing forward, you should never sign an...

Some employers negotiate severance on a case-by-case basis, while others have a formal policy in place.While no two companies take the exact same approach to severance, a formal policy typically includes the following: Conditions: This defines the circumstances in...

In recent decades, more and more Michigan executive employment contracts have begun including an arbitration clause. This means that the two parties -- employers and employees -- agree to settle any contract disputes or violations outside of a courtroom. When you sign...

Upon receiving an employment contract, you'll turn your immediate attention to details such as compensation, benefits and paid time off.While all of these details are important, it's critical to pay close attention to the many provisions that could impact you in the...

Executive employment contracts can be simple single-page documents or complex agreements with many different clauses. As executives in Michigan and other states become savvy about the agreements they sign, clauses designed to protect all parties are becoming...

Depending on the company and position, your new employer may not require you to sign a contract. While this sounds like a good thing, as you don't have to deal with additional paperwork, you'll want to think twice before agreeing.An employment contract goes a long way...

Nearly all employment contracts for Michigan executives include details about severance pay should the work arrangement come to an end. It is an important part of building trust between the employer and the executive. However, there are occasions when an employer...