An employment agreement details the relationship between the employer and the employee. This agreement will outline the compensation and the employee’s expectations while employed. Sometimes these agreements can specify the duration of the employment.

 

These agreements are legally binding contracts that can have an advantage to the employer. It can attract or retain necessary employees and can force those employees to either stay or give notice before leaving. Employment agreements can also help keep your employees safe if you’re in the process of selling your business.

 

The downfall of an employment agreement is that it can change the employment “at will” status. Employment at will is exactly what it sounds like, the employee can be fired at any time, for almost any reason.

 

Employment agreements can be complex and close attention needs to be paid to certain clauses, you don’t want to be stuck with a bad employee that will negatively impact your company’s culture.

 

Contact Howard Haake at (314) 325-9868 or (636) 332-5555 to help guide you through drafting an effective employment agreement for your business and your employees.