2017 New Year resolutions – Do your employees have employment contracts?
January 23, 2017
It is important to make sure that employees sign up to an employment contract. This also includes any directors and business partners if they are also employees of the business.
The employment contract will set out all employment conditions, rights, responsibilities and duties. Also employment contracts can contain restrictions should an employee choose to leave the business – this will help protect your business from an outgoing employee setting up competition, poaching staff and/or customers. The lack of such restrictions means that a key member of staff or director will be free to set up in competition with your business after leaving.
The information contained in this article is intended for general guidance only. It provides useful information but it is not a substitute for obtaining legal advice as the articles do not take into account specific circumstances. So do please Contact US for legal advice on the issues raised.