Employment Contracts
All employers should provide employment contracts to their employees. Drafted properly, employment contracts will ensure that both employees and employers understand their rights and obligations during the employment relationship. As employment law is always changing, it is important for employers to have properly drafted employment contracts, that include terms such as:
Compensation structure;
Vacation entitlements;
Confidentiality obligations;
Restrictive covenants including non-solicitation and non-competition clauses; and
Termination clauses.
One of the most important provisions in an employment contract is the termination clause. Termination clauses govern how much notice of termination, or payment in lieu of notice of termination, to which an employee is entitled. Often referred to as severance pay or the severance package, it is at the beginning of employment that governs how much severance an employee is owed at the end of the relationship.
Fixed Term Contracts
Employers should generally avoid hiring employees on fixed term contracts. It exposes unnecessary risks, including providing severance pay for the remainder of the term if an employee is terminated early. If an employer must hire an employee on a fixed term, they must ensure it is drafted properly.
Get Employment Contracts Right at the Beginning
If you are an employer that needs to have properly drafted employment contracts, Toronto employment lawyer Jason Wong of Wong Employment Law can draft the contract that matches your needs. These employment contracts reduce risk and ensures that both employers and employees understand what they’re getting into.
Contact Toronto employment lawyer Jason Wong to inquire about employment contracts at (647) 242-5961 or jason@wongemploymentlaw.com.