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  4. Employment Contract

Employment Contract


An employment contract or an employment agreement sets forth the terms of employment between a company and its employee. For executives, employment agreements may provide the job title, the duties associated with the position, the location of employment and any reporting responsibilities. In terms of compensation, the contract should specify the base salary, as well as any bonuses or benefits for which the employee is eligible. Some contracts include a provision for severance payments in the event the employer terminates the employment without cause or good reason. The contract may also require that disputes between the parties be subject to arbitration, and specify the law governing the agreement, as well as the venue for resolving such disputes.

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Employment Forms

  • Employers can customize an employment agreement that states the salary, benefits, working hours and other important provisions for their new or existing employee.
  • Answer simple questions to build a contract with a consultant. Specify the services rendered, when payment is due, as well as IP rights.
  • Employers who compensate their sales employees based on commissions can prepare an agreement to reduce misunderstandings by specifying the base salary and how commissions are calculated.
  • Companies may offer their business executives a contract that is different from the one provided to their regular employees. Executive employment agreements may be more complex because the compensation structure may include a combination of salary and commissions, provide for bonuses based on sales, stock or other financial targets, and include non-compete, confidentiality and severance provisions.
  • Independent sales representatives offer companies the potential to increase the sale of products or services without the burden of increasing headcount. Both parties should understand how commissions are calculated, when commissions will be paid, as well as how the representative will treat confidential information from the company and whether the representative may also sell a competing line of products or services.

Employment Contract


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