A Guide to Employment Contracts and Employee Types for HR Professionals

You’ll want to ensure that both you and the employee sign any legally required contracts to prevent undue liability. Legal Templates LLC is not a lawyer, or a law firm and does not engage in the practice of law. Legal Templates cannot and does not provide legal advice or legal representation. All information, software and services provided on the site are for informational purposes and self-help only and are not intended to be a substitute for a lawyer or professional legal advice.

Can an Employment Contract be Changed After it is Signed?

Noncompete agreements limit an employee’s ability to work for a competitor after leaving employment with your business. They may also prevent employees from going into business for themselves using information they learned at your company. This agreement should also be in writing and signed by both parties to ensure its enforceability under https://www.bookstime.com/what-is-unearned-revenue North Carolina law. A Contract Addendum allows you to make one or more changes to an existing contract without invalidating it. Suppose you need to make a significant change to an employee’s current job description and duties. In that case, using a Contract Addendum will prevent you from having to create an entirely new Employment Contract.

Step 4 – Overtime and Additional Compensation

• But there’s another option — a small business management platform like Homebase.
• This type of contract is designed for employees who are hired for an indefinite period.
• One aspect that makes employment contracts an attractive option for employees is the promise of severance pay.
• A confidential or proprietary information agreement sets limitations about which sensitive information may not be shared.
• As North Carolina Attorneys, we serve people and businesses all over the State of North Carolina with assistance on a variety of legal issues.

B) Check all expenses that the employer will reimburse the employee for. A) Check if the employer will reimburse an employee for the expense(s). D) Choose whether the employee will be employed part-time or full-time.

Non-Compete Agreement

They don’t have set regular hours but are called upon when there’s a demand. Let’s delve into the different types of employment contracts, offering insights into their unique characteristics and applications. It is the intention of both parties to form a long and mutually profitable relationship.

NO MODIFICATION UNLESS IN WRITING

This Employment Contract may not be amended except in writing and signed by both Parties. A Non-Solicitation Agreement is a contract in which an employee promises not to approach any of the company’s customers, staff members, or coworkers for financial benefit or business trading. If the Employee will be paid hourly instead of a salary, you will need to change section accordingly. You could also include hours of work in this section, or you could refer to an employee handbook for more information about work hours and benefits. The Employee pledges to operate in line with this Contract and in the business’ best interests, which may or may not require utilizing their full range of abilities to carry out all job-related responsibilities.

• Let’s delve into the different types of employment contracts, offering insights into their unique characteristics and applications.
• This type of employment is great for people who like being in control and want different kinds of jobs, especially when they have special skills such as graphic design, writing, or software development.
• Consider consulting with an employment law attorney who can help you create airtight legal documents tailored to your business’s needs.
• A noncompete agreement is used to stop former businesses partners or employees from competing against the business.
• A Compensation Agreement Template is a legal contract that spells out the terms and circumstances of the trade of products or services for cash between two parties.
• Filter through the received job applications, setting aside the ones that meet the job’s essential requirements.

Employment Contract Template

A severance agreement is an employment contract that outlines expectations when employment is terminated. It should include details about the severance package, including salary, benefits, and other compensation, such as stock options or bonuses. An employment contract is a binding document that delineates the rights, responsibilities, and obligations of both the employer and the employee. It serves as a reference point for both parties, ensuring that they are aware of their duties, compensation, benefits, and other pertinent details.

An employment offer letter is a business contract employment agreement between you and the employee. As an initial employment contract, it does not include the entire agreement the actual employment contract will include later. Very often, the contract mentions a probationary period during which the employer can stop cooperation with the employee without any cause or notice. Both employees and employers don’t like to waste their valuable time on red tape, where it can be avoided.

• D) Choose this option and explain any other commissions received for services rendered under this agreement.
• For example, the offer letter may include a title, salary, and some description of responsibilities.
• If the Employee will be paid hourly instead of a salary, you will need to change section accordingly.
• It’s also good for both employers and employees to know that not all jobs require employment contracts, and many don’t involve them at all.
• This information may include customer data, intellectual property, or trade secrets from being disclosed.
• LegalZoom is not a law firm and does not provide legal advice, except where authorized through its subsidiary law firm LZ Legal Services, LLC.

Job contracts templates we provide cover virtually all situations requiring official agreement and regulation related to headhunting, applying for a job, hiring staff, and governing pipeline activities and policies within an organization. Our printable employment contract templates can employee contracts for small business be grouped into the following categories. A standard employment contract is a legal agreement that covers the rights and responsibilities of both the employee and employer. The standard contract covers the expected job duties of the employee and the duration of their employment.