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Posts tagged "Employment Contracts"

Should you sign a contract with a noncompete agreement?

Before you sign an employment contract, it's imperative to review the terms and conditions. If there's anything that makes you uncomfortable, such as the inclusion of a noncompete agreement, you'll want to discuss it with the company before you put pen to paper.

Can you obtain fringe benefits if you’re terminated?

If your employment is terminated, you shouldn't delay in reviewing your employment contract and your employee handbook. This will give you a better idea of what to expect in regards to obtaining your final pay and any fringe benefits that are due to you.

When your boss breaches your employment contract

If you hold an executive position in Detroit or other Michigan regions, you may think that you are safe from an employment dispute. After all, you have a legally binding employment contract that protects you from employer mistreatment. You probably spent a lot of time studying your contract and may have gotten a legal professional to review the document before signing. However, you or your boss can breach even the most ironclad employment contracts.

Leaving an executive position with your benefits intact

Well-drafted employment contracts can offer executives many protections. For example, a contract containing the proper provisions can protect executives from unfair terminations. However, we urge you to remember that these provisions work both ways. This means that you cannot simply leave your position without risking the financial benefits you have worked so hard to secure.

Should successful executives renegotiate employment contracts?

There usually comes a time in the career of successful first-time executives when they realize they give more than they receive. When executives take on their first term as a Chief Executive Officer (CEO) or another C-level position, their employment contracts probably reflect their relative inexperience. Now that they have achieved success and helped the company thrive, they may wish to renegotiate the terms of their employment.

Employment contracts may compromise your intellectual property

In the era of high technology employment, intellectual property (IP) fills a massive role. Just about every large corporation, including those in the Detroit area, utilizes intellectual property in some form. Much of this property rightfully belongs to the employer. For example, trademarks, logos and client lists are clearly the employer's property.

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