Employment Contracts — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Some employers and employees choose to enter into an employment contract. Usually the worker is seeking job security, while the company wants to protect its trade secrets and sales territories. However, if you sign an employment contract, you may find that you’ve given away more than you bargained for.

For starters, you compromise your at-will relationship with the employee. Most workers are considered to serve at the employer’s discretion, which means the employer can dismiss the employee at will or without cause. (This varies by state.)

Once you sign certain contracts, however, the employee can be fired only for cause. Another risk: Many employers wind up giving away far too many rights and preserving far too few. This can be a costly mistake if the employee does not work out. Unexpected obligations and commitments can make the separation extremely expensive.

Before entering into any employment contract, you should seek l...(register to read more)

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