Michael L. Feinstein, P.A.

How can you use employment contracts for your business?

As a business owner, you will want to do everything possible to protect your company from costly legal challenges. Disputes of any kind can cost your company valuable time, money and manpower, and you want to avoid them when you can. One way you can accomplish this is by using strong, enforceable contracts with your employees.

Employment contracts are agreements between employers and employees, and they typically outline the rights, expectations and responsibilities of both parties. They can also include other terms, and the more thorough you can be, the less likely it will be that you will experience issues over them at some point. If you have employment contracts in place or would like to draft an agreement for future use, it is smart to take the time to learn what you need to include.

What's in your contract? 

There is no one-size-fits-all employment contract. What will work for your company depends on the needs of the business, the role your employees will have and other specific details about how you will interact with the people who work for you. Some of the terms you will want to consider for your employment contracts include the following: 

  • Wage and salary rate – You can outline how much your employees will make, benefits they will receive, potential wage increases and more.
  • Confidentiality – You can include terms that will require your employees to keep proprietary information, processes and client lists confidential, even if they leave your employ in the future.
  • Responsibilities – You can use an employment contract to specifically outline the responsibilities that your employees will have, including daily roles, long-term objectives and how long the term of the employment will last.
  • Non-compete terms – You can include terms that will prevent your employees from leaving your company and working with a direct competitor or starting a competing company for a certain period of time.

Having carefully drafted employee contracts allows your employees to carefully review the terms of their jobs, reducing the chance of confusion and disputes in the future

Help with your contracts 

When it is the interests of your Florida company on the line, you will find it beneficial to work with an experienced business law attorney. A lawyer can assess your case and help you understand what terms you should include in your agreement. When you are careful and thorough in your contracts, it will benefit both you as the employer and the people who work for you.

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