If your company has made a policy of having employees agree to employment contracts, you may be concerned about how the COVID-19 pandemic affects their legality.
Alternatively, the coronavirus outbreak and its fallout may provide reasons to consider using employment agreements in the regular course of your business.
What Are Employment Agreements?
An employment agreement is a legally binding contract between a business and an employee. Some companies use employment contracts for their entire workforce, while others only offer the certainty of an agreement to designated executives.
Generally, employment is governed by what is known as the at-will doctrine. In the absence of an employment agreement, either the employer or employee can terminate their relationship at any time. Historically, under at-will employment, neither party owed the other anything once the job had ended.
If your company has made a policy of having employees agree to employment contracts, you may be concerned about how the COVID-19 pandemic affects their legality.
Alternatively, the coronavirus outbreak and its fallout may provide reasons to consider using employment agreements in the regular course of your business.
What Are Employment Agreements?
An employment agreement is a legally binding contract between a business and an employee. Some companies use employment contracts for their entire workforce, while others only offer the certainty of an agreement to designated executives.
Generally, employment is governed by what is known as the at-will doctrine. In the absence of an employment agreement, either the employer or employee can terminate their relationship at any time. Historically, under at-will employment, neither party owed the other anything once the job had ended.
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