Agreements that document the terms upon which each employee has been engaged by the company.
While most companies have contracts with their employees, many do not. And those that do, often have contracts that do not provide the full comfort for both parties that they should. Having comprehensive documentation of your employment arrangements involves:
Comprehensive employment contracts provide the following benefits for your business by providing clear expectations to your and your employees as well as reducing risks to your business by covering such issues as:
Having employee arrangements appropriately documented in contracts helps reduce risk for new investors into your business because:
Knowing the precise terms of individuals’ contracts is obviously very sensitive and therefore needs to be carefully managed Often the precise terms of employment contracts are withheld from potential acquirers due to their confidentiality but are sometimes provided to bidders as part of a black box process. This means highly sensitive information is provided under strict confidentiality rules and only to the preferred party when all other terms of the deal have been agreed.