Question

hi. can you find the right answer for me, book name is Law for Business. thank you.   Question: what Laws Governed Employment Contracts?

what laws govern in employments contracts? thank you

Answer 1

An employment contract is a written, binding agreement between an employer and a prospective or current employee that, when properly drafted, can be a highly effective way of protecting a company's financial and intellectual resources.

Not every employment relationship will require a contract. Rather, employers most often require an employment contract as a condition of employment when the employee

holds a position that is highly influential (e.g., chief executive officer), involves sensitive trade secrets or client information (e.g., sales positions, engineers, and computer programmers), or requires a significant amount of “front-end” cost (e.g., relocation packages, extensive or specialized training, sign-on bonus).

In addition, employers may use a separation or severance agreement at the end of the employment relationship or may enter into agreements that deal with a limited subject or scope, such as arbitration agreements or non compete agreements.

All employment agreements are legally binding on the employer and, therefore, employers are best served by having them drafted and reviewed by an experienced employment law attorney.