Employment Agreements for Real Estate Company

In order to protect its interests, we were retained by our client to draft employment agreements for these newly hired members of its management team.

Establishing Clear Compensation Guidelines

We began our representation by interviewing our client as to the issues that were important to it. As most employers, it wanted to memorialize the parties’ expectations about compensation, which included a bonus structure based on our client’s annual net profits.

Clarifying Roles and Employment Structure

In the employment agreements, we included a description of the newly hired employees’ job duties and expectations and specified that it would be required to work exclusively for our client during the term of the employment agreement and could not render services to any other person or entity or engage in other outside business activity. We also included a provision in the employment agreements, confirming the employment relationship as an “at-will” one which would give either party the flexibility to terminate it upon advanced notice.

Safeguarding IP Rights with Enforceable Protections

In drafting the employment agreements, we made sure to include an extensive confidentiality provision to protect our client’s intellectual property.  To further protect our client, the employment agreements included a provision in which the employees acknowledged our client’s right to an injunction in the event of a breach of the confidentiality provision.

Embedding Arbitration and Legal Fee Protections

To protect our client from the potential of costly litigation, we included an arbitration provision in the employment agreements, mandating arbitration of any dispute between the parties, as well as a provision for recovery of legal fees and costs in the event that our client prevailed during any such dispute between the parties.