Employment contracts are just like all other contracts. The idea is to have an agreement so all parties are aware of the significant terms of employment such as the compensation structure, hours of employment, title of position, job responsibilities, termination provisions and restrictive covenants.
However, please keep in mind that most businesses will hire an employment lawyer to draft the employment contract in such a way to protect their interests. Our office has drafted a large number of employment contracts to protect the interests of each our business clients that has saved them significant sums of money in situations where the employment relationship does not work out.
Whether you are a employee or business client, it is prudent for you to have an experienced employment attorney review your employment contract to ensure your interests are protected.