An employment contract in Franklin Lakes, consists of a legally binding agreement between the employer and the employee for conditions stated for the employment relationship. In New Jersey, many employment contracts are negotiable to enable both parties to arrive at an unique agreement suitable for the 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 New Jersey Employment Contracts
An employment contract in New Jersey will usually provide for the following terms: job position description, compensation, duration of employment period (or at-will), and grounds for promotion/termination. Nonetheless, there are also other, less common, clauses that are worthy of notice. First, an arbitration clause requires parties to forego their rights to access the courts for any employment dispute.
Additionally, a severance clause or "termination clause" outlines the process for ending the employment. Courts have held employers liable for wrongful termination when violating such clauses. Furthermore, information or work that is obtained or completed by an employee may be subject to confidentiality and non-compete clauses.
How Can a Franklin Lakes Lawyer Help?
Lawyers in Franklin Lakes who specialize in New Jersey employment laws can assist you in determining what employment contracts contain. You can also obtain counsel from an attorney as to what is fair in a contract. They can also negotiate terms for you with regards to concerns with entering or terminating employment.