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Employment Agreements
In general, consider the following ten key provisions when entering into
an employment agreement:
- When employment will begin
- Nature of duties; who the newly hired person will report to; title
the newly-hired employee will hold
- Signing bonus
- Regular pay
- Conditions for paying other bonuses
- Stock options and limitation on sale of the issuer company's stock
- Fringe benefits
- Ownership of intellectual property developed by the employee during
employment
- Conditions under which employment can be terminated, possibly including
continuing payment of compensation after premature termination
- Agreement not to compete with the employer after leaving the employment
covered by the contract; agreement not to solicit the employer's customers
or employees after employment ends.
For a more detailed analysis, work through the following checklist: Click
Here
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