Tips for Increasing Employee Retention -Part 1

Employee turnover is a concern for all types of businesses because it is a significant expense. The problem, however, is that most companies do not to action to find ways to retain their employees. If a business owner is interested fixing a high employee turnover rate, he/she must start with collecting data to identify the […]

Coronavirus & Business-Related Issues

The Covid-19 virus has created issues for every industry and all size businesses across our country. It is important for companies to understand how the pandemic has, and will continue to, impact their business. Whether it is delays in production or a reduction in workforce, having an attorney provide you with the necessary legal advice […]

Employees! Look for these Provisions in Retention Contracts

If you are considering signing a retention contract with your employer, it is important to confer with an experienced attorney to ensure that you are fully protected. Below are examples of common provisions that do not benefit employees, but are often found in retention agreements: Termination “For Cause” Provision Employers often do not define what […]

Summary of the Litigation Process

If your business is facing a lawsuit, it can feel overwhelming. Most people are not familiar with how litigation works, but television shows and news stories have made it seem very dramatic and daunting. In reality, if you have an experienced attorney on your side, he/she will ensure that your case is handled smoothly while […]

How a Retention Contract Impacts You Financially

If you are a key employee and your company is undergoing a merger and/or acquisition, you may be asked to sign a retention agreement. In fact, signing this contract may be a condition of your continued employment during the merger process and with the new entity. However, before you agree to a retention contract, it […]

Understanding Non-Compete Agreements

Many people make the mistake of thinking non-compete provisions in a contract are boilerplate language. However, a non-compete agreement (alone or as part of a larger agreement) is a contract between an employee and employer. A non-compete contract sets forth the restrictions on the employee’s ability to work for a competitor or even within the […]

What You Need to Know About Non-Disclosure Agreements

If you are asked to sign a non-disclosure agreement (NDA), it is wise to confer with an attorney regarding what you are giving up and what you are gaining from it. Most non-disclosure contracts are between an employer and employee, but the focus is that one party is prohibiting the other party from disclosing proprietary […]

Breach of Employment Contracts & Recoverable Damages

If you have an employment contract and your employer breaches it, you likely have the right to sue and collect “damages” to compensate you for your financial loss. There are several different types of damages that may be available to you, depending on the terms of your contract and the type of breach by your […]

Retention Bonuses….Should You Ask for One?

Why do employers offer retention contracts to certain employees? The simple answer is because the employer needs to guarantee the employee’s continued services. The bigger question is when do employers typically offer retention bonuses? Below are different circumstances where employers typically offer retention contracts: Mergers or Takeovers If two companies in the same industry are […]

Sale of a Business & Employee Retention

When a business is sold, the best-case scenario is that all employees at the purchased company transfer to the purchasing entity. Unfortunately, this typically is not what happens. In fact, it is common for the employees of the company being purchased to be left in limbo as to what will happen to them until the […]