After countless sleepless nights and some seriously hard work you've grown your startup to the point where you need more personnel to complete all your plans and projects. At some stage, if your business is thriving and you want to grow, you're going to need to hire some staff. If you have decided to hire an employee, rather than an independent contractor, you will need an Employment Agreement.
WHAT DOES IT COVER?
An Employment Agreement is a document which sets out the legal relationship between an employer and an employee. A well-written employment contract will detail the terms and conditions of employment. This includes the requirements and expectations of the role being agreed upon and how much it pays. It is also critical for an employment agreement to comply with both state and federal laws.
Whether you are employing someone on a part time, full time or casual basis, compliance with the relevant laws is integral and your Employment Agreement should be tailored accordingly.
WHY IS THIS IMPORTANT?
As an employer it is both important and prudent to provide written and legal employment contracts. Having a written agreement protects your employees and yourself from legal issues. It will clearly outline each of your roles and responsibilities throughout the employment relationship including protection of Intellectual Property and Confidentiality.