Employee competition comes up a lot. However, few people understand what rules apply in this situation. What is Employee Competition? Employee competition is the act by an employee of working in or aiding a competitive business of the employer. For example, an employee working part-time at an employer’s direct competition. There is no minimal […]
Employees’ Social Media Use: Do’s and Don’ts
Employees’ social media use is a hot topic in law. As the definition of social media is warping and expanding, it is hard to know what you can and cannot restrict when it comes to your employees. Employees’ Social Media Use Social media use by your employees can be broken down into the following […]
Employee Performance Reviews
Employee Performance Reviews are a crucial part of a human resources department. They not only improve performance, but also cut down on the likelihood of successful unemployment claims against you. What are Employee Performance Reviews? Performance reviews consist of regularly meeting one-on-one with your employees. You or a trained member of your team should […]
Employee Owned Companies
Employee-Owned Companies are not for everyone. However, when the fit the situation, they can be incredible. What are Employee-Owned Companies? Employee-Owned Companies are exactly what they sound like. Employees own at least part of these companies. Usually, the employees actually own less than half of the company. Advantages The main advantage to having […]
Company Equipment Policy
A Company Equipment Policy is a part of your employment agreement package. However, it is usually separate from your typical documents you hand to all employees. What is a Company Equipment Policy? A Company Equipment Policy is a contract with your employees. It outlines how, when, and where your employees may use certain equipment. […]
Memorializing an Oral Contract
Memorializing an oral contract is a must if you’re going to use oral contracts at all. We recommend using written contracts whenever possible. However, if you can’t “get it in writing,” you should memorialize the oral terms after the fact. What is a Contract? A contract is a legal agreement between two or more […]
Contract Enforcement and Retention
Contract enforcement is an unfortunately necessary focus when entering into business. What is a Contract? A contract is a written or oral agreement between two or more persons or entities to exchange consideration. You can learn more about contracts in our earlier blog. What Does Contract Enforcement Look Like? There are a wide […]
Dispute Resolution Provision Review
It is important to regularly review your dispute resolution provision to ensure it still meets your needs. What is a Dispute Resolution Provision? This provision exists solely to make resolving breaches of contract easier. They come in all shapes and sizes. Choice of Law We discuss choice of law in another blog. You […]
Loopholes are Red Flags
Loopholes are errors in contracts that allows one or more parties to exploit them to create an unintended consequence. Conversely, when you take advantage of the law, that is not a loophole. The difference requires a mistake in the drafting. You need an unintended consequence. Examples of Loopholes I once reviewed a contract that […]
Clauses to Add to Your Service Contract Right Now
If you have a service contract, you must have these clauses. Obviously, you include your price and service terms. These add extra protection to you. Additionally, all contracts need the essential elements of every contract. What is a Service Contract? A service contract is a contract that deals with the exchange of the labor […]
Updating Contracts Within Your Organization
Updating contracts is important. It is an ongoing task your company should be sure to pay attention to. What is a Contract? A contract is a legal instrument where two or more people or entities agree to exchange something or service of value. You can find more on what a contract is here. Contracts have […]
Introduction to Asset Protection
What is Asset Protection? It is the process of legally safeguarding your assets from future creditors. Put more generally, you’re protecting your future from risks you haven’t encountered yet. Asset Protection Rules You can’t do much to protect from a creditor you already know of. Hiding your assets is never the solution. Nothing is guaranteed […]