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Agreement Template / December 6, 2018 / Heidi Herring

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There is nothing worse than having to recreate the wheel every time you do something and it makes perfect sense to use a template to speed up your work and deliver better results on a daily basis. If you are employing staff you certainly need to implement an Employment Agreement. This agreement should be between them and your business and it needs to be clear and well defined. This is because the last thing you want to happen is for your employee to get upset and then take legal action against your company for whatever reason. The best thing you can do is make sure each of your team is engaged using an agreement that both parties have read and signed and agreed upon. What exactly should be in this type of contract? Well firstly you need to be aware of any laws in your country regarding employing people.

Then insert some wide ranging exceptions to this definition of confidential information that make the agreement a fair one. Typically you would tell the party that is going to receive your confidential data that they dont have to protect any of your materials if they happen to be already out there in the public domain are previously in the receiving partys possession (which means they developed the same thing on their own) or were given to the receiving party by a third party. These kinds of exceptions are important because its not fair to require the receiving party to lock up your materials if they really arent confidential to you. At the same time anything that doesnt fall within one of these exceptions really should be kept confidential because no one else is in possession of it.

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 In particular employment law changes may invalidate or make an existing agreement out of date.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.

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