Competition and inactivity agreements, whether as self-employed or under an employment contract, are becoming increasingly popular in a number of sectors. New York City is home to a large number of employees and contractors. Depending on the nature of your business, you may need to maintain different types of employment contracts. Our labour lawyers offer a number of employment contracts to companies based throughout New York: New York companies often use non-compete obligations to protect themselves from unnecessary or contrary competition from a former employee. Workers who sign a non-compete agreement agree not to work for a competitor for a certain period of time after the termination of their employment contract. Many companies invest a considerable amount of resources and training in their employees. Non-compete prohibitions can prevent an employee from stopping starting his own business and implementing the trade secrets he has learned during his work for your company. For almost all reasons, employers can benefit from the opportunity to terminate a worker`s employment. However, in certain circumstances, an employer may not want its employee to resign.
Perhaps a company has a valuable and productive staff. A company may have invested a considerable amount of training and resources in its staff. In this situation, an employment contract could terminate the worker`s ability to leave his or her job for some reason. For example, an employment contract may list legitimate reasons for dismissal and the minimum length of employment required. Many companies face significantly lower revenues and the need to reduce the costs of coronavirus and social mandates. For some companies, this pressure amounts to reducing wages and laying off or laying off staff. For a worker who does not have an employment contract or letter of offer, the worker probably has no choice but to accept the cut or look for another job. However, for a person with an employment contract that sets the amount of compensation, a reduction in compensation would generally result in rights under that contract. Employment contracts can be complex.
At Katz Melinger PLLC, our competent lawyers regularly establish, analyze and enter into employment contracts, including severance agreements and non-compete agreements. Damage in the event of an infringement usually includes lost wages. If the agreement provided that the dismissal was to be made on a non-resilient basis and that the employer terminated something else, the employer may be responsible for the employee`s total income from the contract, including benefits.