Whether you have one employee or one thousand, your business relies on others to provide goods and services, manage staff, and otherwise keep everything running. Given the importance of these relationships, they should each be governed by an Employment Contract that sets forth the mutual responsibilities and duties of both parties. A document of this magnitude of importance should only be drafted by experienced and knowledgeable Business Attorney from Jurado & Associates, P.A.
The Basics of an Employment Contract
Unlike other business legal instruments, such as Corporate Bylaws and Noncompete Agreements, Florida has no requirements or regulations for an Employment Contract. However, do not let their optional nature diminish their importance: To protect your business, it is imperative to have a professionally drafted document governing every employment relationship.
At its most basic level, an Employment Contract must provide all the terms and conditions of employment, including details regarding both the employer and the employee, specifics of compensation, the obligations of both parties, and events or conditions that could result in the termination of the contract.
While some businesses use oral employment contracts—especially for employees who are closely associated with the employee—it is always advisable to have it in writing, since the details are easier for each party to remember and for you to prove in court. In addition to being a signed written instrument, an adequate employment contract must include:
- Employee’s job title and job description
- Terms of employment
- Employment period
- Detailed description of the employee’s duties
- Termination terms and conditions
- Employee’s compensation and benefits
- Parameters used to evaluate the employee’s performance
- Vacation policy
- Time off (sick days, emergencies, and unpaid leave)
- Requirements after termination (if necessary)
- Dispute resolution mechanism (such as arbitration)
Depending on the nature and requirements of your business, there may be other provisions and details to include. Our attorneys will work closely with you to determine the specific needs and interests of your business and how the Employment Contract can best safeguard them. An effectively drafted Employment Contract will help promote a more stable business environment while minimizing the likelihood of disputes, disagreements, and misunderstandings.
Talk to a Jurado & Associates Business Attorney Today
Whether your business is just getting off the ground or expanding rapidly, an Employment Contract will be invaluable for every person you employ. Our Business Attorneys can advise you on the best ways to advance your business interests. To learn more or to get started with a consultation, call (305) 921-0976 or email [email protected].