Employment agreements are the stability backbone of a growing business, providing consisting by explaining the rights and responsibilities of employer and employee.
Related Article: Can A Job Interview Form A Verbal Employment Agreement?
Common issues addressed in a written employment agreement are: job title and responsibilities; compensation; paid time off (PTO); covenants not to compete; confidentiality/nondisclosure; non-solicitation; non-poaching; and non-disparagement.
Related Article: Non-Compete Agreement – How To Make It Legally Binding
Independent Contractor Agreement
Written agreements with independent contractors permit a company to ramp up quickly by using workers who are not employees. It’s important that independent contractor agreements be structured properly (and followed) to ensure that a worker is not reclassified as an employee.
Related Article: Boost Business With An Independent Contractor Agreement
If an independent contractor is determined by the government to an employee, the company can be liable for back taxes and penalties, unemployment compensation, and even worker’s compensation if there’s an injury.
Professional Services Agreements
Professional services agreements are contracts where one party agrees to provide professional services to one or more other parties typically on an independent contractor basis. Common professional services covered by these agreements include: business broker; business consultant; coach; computer consultant; copywriter; digital content marketer; escrow agent; search engine marketer (SEM); software developer; and website designer.
Related Article: How To Use A Non-Disparagement Clause To Protect Your Business
The terms and conditions of professional services agreement will generally either favor the services provider or the recipient of those services. Naturally, we prepare these contracts to favor our clients, often as a template that can be used repeatedly by the client in multiple transactions with different parties over time with minimal changes.