A Primer on Employment, Non−Disclosure, and Non−Competition Agreements
Once an employment relationship exists, a company is required to adhere to applicable labor laws, regardless of whether a newly formed company has one employee or more. Three agreements are basic to a company:
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Employment or Service Agreements.
A new company should determine which of its workers are employees and which are independent contractors. The workers’ status will determine what benefits he or she is owed during employment and at its conclusion. A new company is building its reputation not just for its product, but for its staff and for fairness as an employer as well. To this end, a company should have a written agreement to clarify for its workers and itself a position’s expectations, benefits and responsibilities. A written contract delineates scope and hours of work, how the relationship is to continue, and how it is to be terminated. -
Nondisclosure Agreements.
Your company’s ideas, methods, organization, and products are entitled to varying degrees of protection. With products and secrets more esoteric and virtual than ever before, it is essential that expectations and responsibilities are set forth in black and white.
A nondisclosure agreement serves a dual purpose: it educates the employee or contractor and it protects the company. A clearly written nondisclosure agreement will tell your workers what his or her responsibilities are toward the company and what the law considers to be company property. -
Non−competition Agreements.
Can a part-time employee hold another job while working for you? Can he or she work for a direct competitor a year after he involuntarily leaves his employment? Does this change if he owns part of your business? What if the competitor is anywhere in the world instead of in the same country? Different states have different laws regarding the strictures that will be enforced once a worker leaves your company. These laws are affected by the stability of the economy. It is important for your company’s future and stability that you take full advantage of whatever protections the applicable law affords.
Rimon offers the following flat-fee packages. All fees include a client consultation. Additional revisions and work are at the hourly rate:
- Basic employment agreement: $350
- Nondisclosure agreement: $350
- Non-competition agreement: $325
- Package of all three agreements $925
THIS IS ONLY A SIMPLE OUTLINE. WE STRONGLY RECOMMEND YOU SPEAK TO A LAWYER TO LEARN WHAT IS BEST FOR YOU.
For a free consultation, or to learn more about our services, please contact us:
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