Employment Contract

An Employment Contract is a formal, legally binding agreement that establishes the working relationship, responsibilities, compensation, benefits, and rules between an employer and an employee.

Common Clauses

• Compensation structure, base salary, and potential overtime eligibility details
• Employee benefits, health insurance, paid time off, and pension schemes
• Termination guidelines, required notice periods, and severance terms
• Confidentiality restrictions and post-employment obligation periods
• Non-compete and non-solicitation geographical radii and durations

Common Red Flags

• Unclear termination terms that allow termination without cause or notice
• Broad non-compete covenants that restrict your livelihood options after leaving
• Excessive confidentiality requirements covering personal side-projects
• Vague intellectual property assignment clauses claiming off-hours creations

Questions To Ask Before Signing

• What specific circumstances constitute termination with cause under this contract?
• Are there non-compete restrictions, and what geographic area do they cover?
• How is my bonus or equity compensation structured, and when does it vest?
• What is the exact notice period required if I decide to resign?