Employment Agreements in Tennessee | What to Know

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There are a number of different kinds of employment agreements that employers can ask their employees to sign throughout the duration of their job. You will want to recognize that most of these agreements are commonly signed before the beginning of employment, however, some can be signed at any time. Read on to learn more and speak with a qualified Knoxville employment agreement attorney today.

Some of the most common types of employment agreements include, and are not limited to the following:

  • Non-disclosure agreements: In most instances, if an employee is subject to sensitive or personal information in his or her role, the employer will likely request that the employee signs a non-disclosure agreement. Most of these agreements say that the employee is restricted from making private company information public. This can include trade secrets, client information, and more. The penalties for disobeying a non-disclosure agreement are generally found inside of the agreement.
  • Non-compete agreements: The goal of a non-compete agreement is to ensure that an employee does not obtain field-specific information or trade secrets, quit their job, and apply that insider knowledge to a competing company or start their own company in a similar area. In many instances, non-compete agreements are reasonable both to the employer and the employee. However, there are some circumstances where these agreements can be unfair to employees. Usually, non-compete agreements include both time and geography limits. In the event that a non-compete agreement is too broad in scope or otherwise unreasonable, it is in your best interest to give our legal team a call as soon as possible to begin assessing your agreement with a trained legal professional.
  • Severance agreements: This kind of contract can be a massive bonus for employees. Essentially, if a company fires an employee, they may offer their employee a severance package. The severance package supplies the employee with financial payment for a specific period of time until they are able to find a new job. However, severance agreements are not always in the employee’s best interests. This is because when you sign a severance agreement, you are obtaining all terms of the agreement, and some of those terms may be to your employer’s advantage. For example, if you think that you were wrongfully released from your job, the severance agreement may include a clause limiting you from taking legal action against the company. If you sign the agreement, you will receive monetary compensation, however, you will be unable to file a wrongful termination claim entirely.

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