The "Employment contract" template is a legal agreement between an employer and employee, outlining the terms of employment including position, compensation, benefits, confidentiality, non-competition and non-solicitation agreements, governing law and dispute resolution. The contract is dated and signed by both parties, and supersedes all prior and contemporaneous agreements and understandings.
This Employment Contract ("Contract") is entered into on [Date] by and between [Company], with a principal place of business at [Address] ("Employer"), and [Employee Name], residing at [Address] ("Employee").
1. Position and Duties
Employer hereby employs Employee to perform the duties of [Position] ("Position"). Employee agrees to perform the duties of Position to the best of their abilities and in accordance with Employer's policies and procedures. Employee shall report to [Supervisor's Name] ("Supervisor").
Employee shall be compensated for their services at the rate of [Salary or Hourly Rate] per [Pay Period]. Employee shall be entitled to any bonuses, commissions, or other compensation as determined by Employer in its sole discretion.
Employee shall be eligible for the benefits offered by Employer to its employees, including but not limited to health insurance, retirement plan, and paid time off, subject to the terms and conditions of such benefits plans.
4. Term and Termination
This Contract shall commence on [Start Date] and continue until terminated by either party with [Notice Period] days' written notice to the other party. Notwithstanding the foregoing, Employer may terminate Employee's employment at any time with or without cause or notice. Employee may also terminate this Contract with or without cause or notice, provided that they give Employer [Notice Period] days' written notice.
5. Confidentiality and Non-Disclosure
Employee agrees to maintain the confidentiality of all confidential and proprietary information of Employer, including but not limited to trade secrets, customer lists, and financial information. Employee also agrees not to disclose any such information to any third party without the prior written consent of Employer.
6. Non-Competition and Non-Solicitation
Employee agrees not to engage in any business or employment activities that are in direct competition with Employer during the term of this Contract and for a period of [Non-Compete Period] following the termination of this Contract. Employee also agrees not to solicit any of Employer's clients, customers, or employees for a period of [Non-Solicitation Period] following the termination of this Contract.
7. Governing Law and Dispute Resolution
This Contract shall be governed by and construed in accordance with the laws of [State]. Any disputes arising under or in connection with this Contract shall be resolved by binding arbitration in accordance with the rules of the American Arbitration Association.
8. Entire Agreement
This Contract constitutes the entire agreement between the parties and supersedes all prior and contemporaneous agreements and understandings, whether written or oral, relating to the subject matter of this Contract. This Contract may not be amended or modified except in writing signed by both parties.
IN WITNESS WHEREOF, the parties have executed this Employment Contract as of the date first above written.
By: _____________________________ [Authorized Company Representative]