A Loveland, Colorado employment contract is an agreement where the employer and employee each intend to legally bind the other to specificed conditions in the work relationship. Many Colorado employment contracts can be negotiable since both parties benefit from a suitable agreement that is unique to their circumstances. Employees with an employment contract specified a time of employment are provided with a guarantee of job security if conditions of the contract are met, and it allows their managers to have some form of control over productivity.
Common Terms in Colorado Employment Contracts
Terms that are included in the majority of employment contracts in Colorado include the job description, salary or wages, length of employment (or if it at will) and grounds for termination or advancement. Please note, however, that contracts can contain other less common clauses. First, for instance, an arbitration clause may require the parties to forgo the right to sue in the event of an employment dispute.
Also, the procedures for ending employment can be stated in a "termination clause". Courts may hold an employer who violates such clauses liable for wrongful termination. Thirdly, work that is completed by an employee, or information obtained by them are covered in clauses known as confidentiality clauses and non-compete clauses.
How Can a Loveland Lawyer Help?
A Loveland lawyer who specializes in the employment laws of Colorado can assist you in understanding what is contained in an employment contract. A lawyer can also lend counsel about what is fair to you in the contract, and can negotiate specific terms that will address your individual concerns as you enter or leave employment.