After You Have Signed a Retention Agreement

What happens if you sign a retention contract and later change your mind? First, it is important to note that before you sign this type of agreement you should confer with a knowledgeable attorney who can make sure you are considering all your options and help prevent regret later. Second, if you have already signed […]

Can I Ask a Prospective Employer to Pay My Retention Package that I will Lose?

If you have entered into a retention agreement with your employer and you are offered your dream job during the retention period, it can create quite a dilemma for you. Many people make the mistake of thinking there is no way to take the new job without losing the retention bonus they would’ve received if […]

Responding to a Retention Bonus Offer

If you are offered a retention bonus, your first instinct may be to readily accept it because unexpected money is always exciting. However, before you go with your first instinct, take time to consider the following: ● Read the contract closely and make sure you understand all its terms. You should also confer with an […]

Confidentiality Clauses: Things You Need to Know

Many people make the mistake of thinking language requiring them to keep an agreement confidential is simply boilerplate language in a contract and they fail to take it seriously. However, this type of provision should be read and understood before you sign a contract because it can come back and bit you if you breach […]

Retention Agreement vs. Severance Agreement: Where do Releases Fit in? Part 2

Hopefully you have read our prior blog that is titled “Retention Agreement vs. Severance Agreement: Where do Releases Fit in? Part 1.” If not, you may want to refer to it before continuing with this blog. Below are a few pointers on what to look for when you are presented with a retention agreement that […]

Retention Agreement vs. Severance Agreement …. and Releases: Part 1

An increasing number of employers are using retention agreements to retain their key employees during times of transition or insecurity. At its most basic level, a retention agreement is simply the employer saying, “if you stay, we will pay.” In other words, the employer agrees to pay the employee a certain sum of money if […]

Tips for Negotiating your Retention Agreement

If you are being offered a retention agreement by your employer, it is important to focus not only on the rewards being offered (salary, benefits, bonus, etc.), but also the risks (restrictions on your employment autonomy). Many people do not think about how a retention agreement can restrict their freedom. A retention contract should be […]

Is it Necessary for an Attorney to Draft your Legal Documents?

We all have heard that attorney’s fees are costly, so it is normal to wonder if you actually need a lawyer to draft your legal documents. There is no mandate that your documents be drafted by a lawyer, but if saving money is what you are concerned about, the money you spend upfront to protect […]

Keeping a Business Afloat During Hard Times

Many businesses, big and small, are facing difficult times right now. The Covid-19 pandemic has caused financial challenges, which business owners are having to figure out how to handle. Although every company is different, there are a few general guidelines for how your business can weather the storm: ● Examine Strengths and Weaknesses, Make Adjustments […]

Are You Prepared to Handle a Lawsuit?

Whether you own a small business or a large company, it is likely that at some point you will have to deal with at least one lawsuit. If you are faced with litigation, it is essential to be proactive in preparing your side of the case. Below are a few tips for how you should […]