Agreement Template / December 6, 2018 / Hattie Salas
Obviously a basic form contract is unlikely to cover all the bases for things like international joint ventures multi-level sales agency relationships or insurance services. These are agreements where the costs of an attorney are justified. Another downside to using an employment agreement template is the potential for building inflexibility into your business. In particular employment law changes may invalidate or make an existing agreement out of date. If you use the same job template for hundreds of employees and the law changes you may need to go back and have them re-sign new contracts. This wont always benefit the company though it is a small risk to take to get the significant legal protections afforded by even the simplest of contracts.
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.
When you start looking at templates you will find that there are literally dozens of them available you may need to try several of them out until you find the one that will work best for you and all of the others who are involved in the venture. Your template should include spaces for you to clearly write down the objectives of the venture clearly so that everyone can understand and agree upon them. There should be a place that covers financial contributions and who is responsible for managing them. Since the possibility of disputes is always present your agreement must include a place to cover how any disputes will be handled. This way everyone has already agreed to how these disputes are to be taken care of and cannot argue the point and cause further problems for the rest of the members of the venture. This may end up being the most important area of your agreement and should be filled out very carefully to avoid any possibility of a legal challenge. If you have never filled out one of these agreements you will find that a joint venture agreement template can make the task much easier. The majority of these templates come with a full set of instructions to help make sure that you fill out your agreement in accordance with the legal requirements of the state you plan to launch your joint venture in.