Employment Contracts & Offer Letters
Receiving an offer for a new job or promotion is exciting, and it can be tempting to sign whatever paperwork you’re provided with. However, employment contracts are complex documents and before you sign anything, it is wise to connect with an experienced employment lawyer.
What You Need To Know
Getting advice early and understanding the impact of the contract provisions can save a lot of grief down the road and give you the opportunity to negotiate more favourable employment terms.
To get you started, here are a few things you need to know:
- Termination clauses are a regular part of both offer letters and employment contracts and can lead to very unfair severance results
- They can also contain provisions which can restrict your post-employment activity if you should resign, and in some cases, even if you are terminated on a not-for-cause basis
- If a significant part of your compensation consists of incentive-based pay it is very important to read and understand the “fine print” as the contract may seek to minimize the payout of that part of your compensation when employment ends
How We Can Help
If you have been presented with an employment contract or if your employer is attempting to modify an existing contract, ask for time to review the document before returning it. Then, contact Morrison Reist Krauss to schedule a review.
Our team will:
- Review the contract and interpret the “legalese” for you
- Advise you on whether the contract is fair
- Determine potential next steps
- Help you develop a response and assist in negotiating better terms, if necessary
If you’re making a move professionally, congratulations! Before you sign on that dotted line, have your contract reviewed and be sure you’re starting out on the right foot.
Call today: 519.576.5351 or Toll Free: 1.800.354.5723
