Starting a company is often exciting. It can also be exciting for that company to grow to a point at which a merger with another company is possible. However, mergers often involve various contracts and sacrifices, and if a person is not happy with his or her situation, contract disputes could arise.
Florida readers may be interested in a lawsuit underway in another state involving a breach of contract claim. According to reports, the founder of a company that merged with another company is suing because he believes his contract was violated. Apparently, the man agreed to a three-year employment term with the new company as a chief business officer. If the company wanted to end the man’s employment, which was allowed under the terms of the contract, he was to receive at least 30 days’ notice before the end of the contract.
The company did elect to end the man’s employment and gave him 30 days’ notice. However, the notice did not come before the end of the man’s initial employment contract. Though the company stated that it would pay the man a prorated salary for his remaining 30 days, he believes he is entitled to a full year’s salary because the company did not abide by the terms of the employment contract.
Contract disputes can often lead to lengthy and complicated conflict. As this case shows, if a disgruntled employee believes that he or she did not receive fair treatment under the terms of a contract, a lawsuit could result. If Florida businesses are handling this type of ordeal, they may want to ensure that they understand their available legal options.