Agreement Template / December 6, 2018 / Hattie Salas
Lease agreement is generally a long term rental contract lasting for 5-10 years depending on the mutual terms and conditions between the tenant and the landlord. There are different types of template based on whether the property is residential or commercial. Although there are many elements that are same for both residential and commercial property there are few differences that set the two lease agreement apart. It is therefore important to guarantee that right agreement template is selected to protect the interest of the property and avoid any dispute whatsoever in the future. Commercial lease are often longer compared to a residential lease and will list down several people that may include the landlords the investors the tenants and any other person who has a stake in the property.
This form is used to ensure that the new employee will agree not to discuss anything he sees or learns while he is in the employ of the company and in many cases long after. Most companies use a confidentiality agreement template to make creating this form much easier. The confidentiality agreement is in many ways the equivalent of a non-disclosure agreement in that it is intended to protect the company from the loss of any confidential information or intellectual property. While the two agreements may be similar in nature you will find that the major difference between the two are the penalties should an employee breach the contract and divulge any confidential information. The more serious penalties are reserved for a confidentiality agreement and can result in criminal lawsuits and very large fines if not prison sentences.
Check thoroughly the details provided by your free template and spot any vague or ambiguous term. Doing so prevents any misinterpretation on the part of the tenant which may lead to damage to your property and huge financial loses. Remember a rental or lease agreement form is a legally binding document. That means if the tenant disputes the contract and files a complaint the court will decide based on the terms and conditions of the rental agreement. So take time and effort in preparing your rental form before you and your tenant enters into a rental contract. An employee agreement is a contract between an employer and an employee of certain points they need to agree on before commencing an employer-employee relationship.