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The importance of well-crafted employment contracts

| Jan 6, 2021 | Firm News |

The success of an Alaska business often depends on the quality of the individuals who are hired to run it. Employees are an asset to a company and getting the best employees can take negotiations and stipulations. What it takes to attain one highly sought out worker may be very different than what another asks for in their employment contract.

Because of this, employment contracts should be employee-specific and created with business-related priorities in mind. The failure of a business to craft a strong employment contract for a new hire may mean future problems for it if and when that employee chooses to part ways. The contents of this post introduce the benefits of creating strong employment contracts for employers, but no part of this post should be read as legal advice.

What to include in an employment contract

Employment contracts, from the most basic to the most complex, include several general provisions. They will usually include the new hire’s name and the position that they will fill. They will include the new hire’s rate of compensation and the schedule on which they will be paid. Depending on their position, the contract may also include information on benefits and vacation time, disciplinary procedures, and other terms.

When an employee has access to sensitive information, however, an employment contract can contain more protections for the employer. It may include nondisclosure terms, or requirements regarding the use and distribution of proprietary information. A contract may outline what work product remains the property of the employee and what is considered property of the employer.

Getting help with employment contracts

Preparing a new contract for a new hire may seem daunting to a business but getting an employment contract right from the start can help prevent problems later on. Employment law attorneys who work with businesses and employers can support the creation and execution of employment contracts for Alaska entities. Association with employment law counsel can be a beneficial relationship for any entity that hires and terminates employees.