There are several types of employment agreements that employers can request their employees to sign throughout the course of their job. You will want to recognize that most of these agreements are commonly signed before the beginning of employment, however, there are some that can be signed at any time. Read on to learn more and speak with a skilled Knoxville employment agreement attorney today.
Some of the most common kinds of employment agreements include, and are not limited to the following:
- Non-disclosure agreements: In most cases, if an employee is subject to sensitive or private information in his or her role, the employer will likely ask the employee to sign a non-disclosure agreement. Most of these agreements state that the employee is prohibited from making private company information public. This can include trade secrets, client information, and more. The penalties for disobeying a non-disclosure agreement are typically found in the agreement.
- Non-compete agreements: The goal of a non-compete agreement is to make sure 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 cases, non-compete agreements are fair both to the employer and the employee. Though, there are some cases where these agreements can be unfair to employees. Typically, non-compete agreements include both time and geography limits. If a non-compete agreement is too large in scope or otherwise unreasonable, it is in your best interest to reach out to a skilled employment agreement attorney as soon as possible.
- Severance agreements: This type of contract can be a huge bonus for employees. Basically, when a company fires an employee, they may offer their employee a severance package. The severance package provides 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 acquiring all terms of the agreement, and some of those terms may be to your employer’s advantage. For instance, 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 obtain monetary compensation, however, you will be unable to file a wrongful termination claim.
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If you need a Knoxville workers’ compensation lawyer or employment law attorney, Morris & Doolan is here to support you. Our firm has significant experience representing clients facing a wide range of workers’ compensation matters, including denial of benefits, appeals, and third-party lawsuits. If you need a Tennessee employment lawyer, we are experienced in handling matters ranging from discrimination and sexual harassment to wrongful termination and FMLA. Contact us today to learn more about our services.