Employment Agreement Drafting & Development
As a Charleston business law firm, we are frequently called on to assist our business clients in the negotiation and drafting of employment agreement. Like any other legal agreement entered into at the beginning of a collaboration between two or more parties, be it a South Carolina corporation, South Carolina limited liability company, a partnership, or a joint venture, these agreements play a vital role in determining the success or the failure of the professional relationship.
Whether a business should negotiate and develop an employment agreement may likely depend on the type of business and employee involved. Generally, employment agreements are more common for employees with significant authority to transact business on behalf of the business, and less common for those employees that don’t have such authority. Other considerations that may factor in on the decision of whether a business should implement a written employment agreement is the complexity of the employee’s compensation arrangement, the uniqueness of the employee’s skills and services being provided to the business, and the degree to which the employee may pose a competitive threat to the business after the relationship comes to an end. Whether a new or seasoned business owner, properly reviewing, drafting and negotiating business contracts is one of the most important responsibilities of a businesses success.