Arthur R. Lehman, L.L.C.

Planning ahead with employment contracts in New York

The reason that an employment contract of any type has to be crafted so carefully and perfectly is that both parties need to plan ahead while agreeing on the terms of the contract. This means looking ahead to see what potential issues or situations could come up and then putting stipulations for those things into the document. The contract must address these future issues from day one, and it is important that not even the smallest thing is overlooked.

For example, some contracts will have non-disclosure agreements. These are used to keep employees from telling other people what the company is doing after they are hired and given access to this information, which is not public knowledge. For example, this could be used if an employee is hired to help develop a new product, and the company wants to keep it quiet so that there is less competition when the product hits the shelves.

In order to set this up, the following questions may have to be answered:

-- What types of information will the employee be exposed to?-- Why could the employee decide to share that information?-- In what fashion would the data be shared? For instance, would it be passed on electronically, though email or by word-of-mouth?-- How long does the information need to be kept secret?-- What rights does the employee have, and what are the rights of the company?

No matter which side of the contract you are on, you can see how important it is for everything to be done correctly. If you want to learn more about this, we encourage you to check out our page today.

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