Bonuses offer motivation, but they include specific terms. When you start a new job or review your current employment agreement, you need to understand how your contract outlines bonuses. These details shape your income and your rights at work. Different types of...
Employers use different types of contracts to define job terms and expectations. Two common types are fixed-term and open-ended contracts. Each serves a different purpose and affects job security, benefits, and termination policies. Definition and purpose A fixed-term...
Confidentiality agreements play a key role in protecting sensitive workplace information. Whether you're an employer or an employee, structuring a solid agreement ensures that both parties receive protection. Define what is confidential Start by defining what...
Non-compete agreements are tools used by businesses to protect their interests. These agreements restrict employees from working for competitors. In addition, they restrict employees from starting similar businesses after leaving the company. The enforceability of...
Sometimes, employment contracts need to change to reflect updates in job roles, company policies, or other work terms. Knowing how to properly amend these contracts is important for both employers and employees to stay protected and informed. Understanding the process...
Non-compete agreements are common in many industries. These agreements aim to protect a company's interests by preventing employees from working for competitors or starting competing businesses. However, there are situations where these agreements may not hold up in...
Navigating the terms of an employment contract can be a daunting task, especially when it comes to understanding your rights and responsibilities. It is important to be vigilant and look out for potential pitfalls hidden within the fine print. 1. Ambiguous job duties...
According to Gusto, five million new businesses emerged in 2022 in the U.S. This growth in the market led to many job openings. When considering a new job opportunity or contemplating a career change, the employment contract becomes a pivotal document that outlines...
It is possible your workplace will attempt to restrict your future job prospects after you leave by your own decision or get fired. How your employer does so is important since Colorado restricts the use of non-compete agreements. Your employer might only require you...
An employment contract forms a critical bridge between an employer and an employee. It outlines the rights, responsibilities and obligations of both parties, fostering a clear understanding of the employment relationship. A well-drafted contract ensures the protection...
