In our second instalment of our corporate transaction series, we look at the vital role that the due diligence process plays in making a success of any transaction. Having made the decision to acquire a business, the buyer will want to maximise the...
What is a Contract of Employment?
A Contract of Employment is a document setting out the key terms relating to your employment. It should be signed by both parties.
What is included in a Contract of Employment?
We can advise you on the terms of your Contract which may include but is not limited to your pay, notice period, holiday, place of work, hours of work, job title and any restrictions on what you can do after your employment has ended. You may also be entitled to benefits such as life assurance, private health insurance and/or a car allowance.
When should a Contract of Employment be provided?
The law provides that an employee is entitled to be given a Written Statement of their particulars of employment within two months of the employment commencing. Certain terms should be given in the statement. Employers often choose to issue a Contract of Employment which is generally more comprehensive.
You may have started or be due to start a new role and have been offered a Contract or your employer has asked you to sign a new Contract of Employment. We recommend seeking advice before signing any new Contract as once signed, it is a legally binding contract between you and your employer. If you or your employer fail to abide by the terms this could result in a claim for breach of contract.
We can advise on your specific concerns, negotiate the terms of the contract and/or advise on any disputes, if they arise.
If you would like us to review your Contract, please contact us.