Stewart A. McMillan, Esq.

Employment Contracts

It’s extremely risky to sign an employment contract without first consulting with an experienced New York employment contract attorney.

Most employees enter a new job expecting a long-term mutually beneficial relationship.

However, we all know that’s not always the case.

Our New York employment law attorneys will counsel you that it’s imperative to have a clear and unmistakable understanding of what you are owed (in salary, bonus, commission and stock) and what rights you may have in the future, as well as any potential obligations or liabilities.

If you don’t figure these things out at the very moment you start a new job - it could lead to problems in the future.

All of the above items are contained within an employment contract when you start a new job.

However, our New York employment lawyers will counsel you that employment contracts are usually written by the corporations’ attorneys and often ask you to waive certain rights or money which may be due to you.

At the Law Offices of Stewart A. McMillan, we have 25 years experience reviewing employment contracts and counseling professionals as well as financial industry clients on the major issues which should be addressed in an employment agreement.

Some of the most important issues include: 1. Compensation - including salary, draw, bonus, commission, management fees, and loans which may not be asked to be repaid; 2. Termination - including under what circumstances may an employer terminate a contract and what constitutes “Good Cause” for termination?; 3. Stock - including options, vesting, restricted stock, and equity; 4. Restrictive covenants - including noncompete clauses and anything which may prevent you from taking a job with a competitor or which may restrict you from taking your own clients with you; 5. Liability - in the event a claim or lawsuit is made against the corporation in the future; 6. Severance - under what circumstances may an employee be entitled to a future severance payment(s).

At the Law Offices of Stewart A. McMillan, our New York employment law attorneys have extensive experience reviewing employment contracts and negotiating those agreements against New York corporate attorneys.

Accordingly, if you or someone you know has been asked to sign an employment contract, it’s important to contact an experienced New York employment lawyer immediately.

Do not hesitate to contact our New York employment law attorneys. The consultation is absolutely free and our attorneys are standing by 24/7 to assist you.

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