Non-compete agreements (also known as covenants not to compete) are a type of contract provision that provides that a person or business will not compete against another person or business under certain circumstances. For many years they have been widely used in the...
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Executive Employment
What to do when an employee breaches their fiduciary duty
Your employees have a fiduciary duty towards you. They should act in your best interest exhibiting good faith and loyalty when it comes to matters involving employment. An employee who acts in a way that doesn't benefit the company may have breached their fiduciary...
5 important elements in an executive contract
Companies that have people in executive positions usually have employment contracts for those individuals. These contracts provide information about the duties and expectations of both sides. Having a solid employment contract is crucial to ensure the company and the...
7 Key elements to a non-disclosure agreement
A non-disclosure agreement can help protect your company's confidential information, including trade secrets. However, the agreement needs to include certain elements to ensure its effectiveness. Below, we take a comprehensive look at the seven key components of an...
Developing a strong executive contract
An executive employment contract should entail the most robust benefits you can negotiate, factoring in your potential, knowledge, skills, experience, education, and experience. The negotiation should compensate you fairly, solidifying your future with the company....
What should be included in a noncompete agreement?
A noncompete agreement is a contract that is signed at the beginning of a business relationship between an employer and an employee in anticipation of a time at which the employee leaves the company. A noncompete agreement must be comprehensive and easy to understand,...
What should fired executives expect from a severance agreement?
Different levels of employees might be offered a severance package or agreement, but this arrangement can be more common for executive-level employees. For executives who have been fired from their jobs, here is what your package might include. Monetary compensation...
Is my noncompete agreement enforceable?
Companies routinely use non-compete agreements to protect their sensitive information after their employees quit or are fired. These agreements prevent a former employee from working in the same industry within the same geographic area for a certain period of time....