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Employment Contracts

Peter Straszynski discusses employment contracts including the importance of written contracts of employment, the most important part of a written employment contract, "consideration", whether termination clauses in written contracts are always binding on employees and what happens if the contract says nothing about termination as part of the Torkin Manes Legal Point Video Series.

Q.  Why are written contracts of employment important?

Written contracts of employment can be very important tools in an employment relationship...... contracts set out the essential terms and conditions of the employment...... whether it be start and end dates, compensation and incentives, vacations, termination entitlements,  or anything else you can think of.... a written contract is an opportunity to simply and clearly set out the terms and conditions of the relationship, hopefully helping to avoid confusion and disputes.

Q.  What is the most important part of a written employment contract?

In my view...

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