Employment Contracts

When to Offer and What to Include

An employment contract can help to prevent misunderstandings between employers and employees on the details of the job, and it can provide each party with protection and recourse if the relationship falls apart. Employment contracts are especially important for companies with highly-placed executives or highly-productive employees who are critical to their success and profitability—and for companies with sensitive, confidential, or proprietary information that gives them a competitive advantage in the marketplace.

This Report explains when a company should use employment contracts and which employees to cover. Included are a sample Employment Offer and Employment Agreement.

Other topics: Executive inflexibility, malfeasance, misappropriation of confidential information, post-employment competition, grounds for dismissal, and wrongful termination.