Employment/Non-compete Agreements, Restrictive Covenants
The workforce is a large part of your company’s bottom-line expenditures and one of your company’s greatest assets. Your employees can have a substantial impact on the profits or losses of your business. As such, you might have made an attempt to cut overhead costs by establishing organizational structures that incorporate full-time employees, part-time workers and independent contractors. Regularly reviewing such cost-cutting strategies with employment lawyers can help to ensure your business does not become embroiled in expensive employee-related business litigation.
Common Employment Contract Provisions
In the event that your business relies on employee contracts or independent contractor agreements, it is important to ensure that these contracts and agreements include terms that will protect your business and will withstand legal scrutiny. Some of the more common provisions of an effective employment contract may include the following:
- Non-compete agreements
- Confidentiality requirements
- Choice of law, in the event the contract is disputed
- Reservation of intellectual property rights to the business
Business lawyers can explain why it is advisable to tailor these provisions according to the needs of a position and the company. Employment contracts are binding on both your business and the employee, so they do limit both parties’ flexibility on certain issues.
Enforcing Employment Agreements
Employment and contract law issues such as the scope and timing of a non-compete or confidentiality agreement are a common source of legal action in the business world. We use our many years of experience to help you draft strong employment agreements and then enforce them.
Here at Block & Landsman, we can also help you with matters involving securities and commodities litigation, churning claims, breach of fiduciary duty and actions to recover losses caused by unsuitable investments. Contact one of our business lawyers today at 312-251-1144.