As we have touched on previously, part of what our law firm ends up doing is reviewing contracts that employees have agreed upon. Here are areas that we believe employees should look at closely when they start.
Does the contract have non competition clauses? Does it have non-solicitation clauses?
Does the contract have discretionary bonus clauses? If so be careful as your employer may exercise their discretion to not give you a bonus at all.
Is there a probationary term in the contract? If so does it align with employment standards?
Is it a fixed term or indefinite term?
Are there limits on your severance or pay and lieu of notice? If so are they are they drafted properly?
Is there anything that has to be paid when you leave?
Are you assigning any intellectual property rights?
Are regular reviews of your salary level built into the agreement?
Are there confidentiality clauses?
There are a number of other potential clauses in employee agreements. The above is not a comprehensive list, and if you would like to have an employment agreement reviewed, please feel free to contact us.
The information contained in this article is not legal advice. No solicitor client relationship is formed through this article. The reader is encouraged to retain counsel for advice in these matters.
