7 Things you Should Include in an Employment Contract

Contracts are a vital part of every business. Whether you initiate a franchise or tie up with a supplier, contracts help you legally govern the deal. Likewise, an employer-employee relationship is also governed by a contract known as an employment contract. An employment contract provides employees their job details and other conditions governing their employment. Elements of an employment contract allow employees to work in a lawful and smooth manner. It also helps you ensure they work in accordance with the organisation’s work policy. These features of an employment contract include details governing organisation’s work and leave policy, pay and incentives, confidentiality terms, and more. If you are a new business seeking new hires, then these employment contract basics will help you in drafting one.

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What Should you Consider Before Signing a Non-compete?

Employers may demand you to sign a non-compete when you are hired. These agreements restrict employees from working with competitors during employment and for a certain period after the employment ends. Employers require you to sign this for a variety of reasons like protection of intellectual property, trade secrets, and goodwill. Considering the fact that it limits your ability to earn a living, you may wonder whether or not you should sign a non-compete. While you may be tempted to get the job, it is best to understand the elements of a non-compete before signing the dotted line. These features of a non-compete must be thoroughly considered before you sign it.


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Key Elements of a Non-Disclosure Agreement

An NDA or a Non-Disclosure Agreement is a contract employed by industries to protect inventions, designs and other materials, they deem to be confidential. Stated simply, signing an NDA is the legal equivalent of keeping a secret. However, the liabilities associated with the violation of an NDA are quite severe as compared to the breach of a verbal agreement.

NDAs can help your business protect several entities such as trade secrets, schematics for a new product and private client information. They are also considered indispensable for businesses that depend on commercialisation of intellectual property.

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How to Successfully Sell Property in Alberta

So, you’ve decided to sell your property. Whether it’s a secondary vacation home or an unused commercial space, selling any property is a crucial decision. If conducted with due care, it can be a profitable endeavour that lets you plan for better ventures in the future.

Property sale in Alberta is regulated by the Law of Property Act.  This act also regulates the sale of co-owned and rental properties in the province. In order to sell your property efficiently, you need to consult a real estate lawyer, a real estate agent, and a brokerage firm in certain cases.

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