Business and brand protection is key. As employment law solicitors, we advise all our clients to ensure that they have solid contracts for all their senior and key people to ensure that all parties know what is expected of the other during the appointment. This includes ensuring the connected issues such as shareholdings are also appropriately protected. It is vital that all parties understand what is expected of them both during the appointment and on termination. We cannot stress enough, poorly drafted and prepared situations leave companies and their shareholders hugely exposed. We will ensure that this does not happen.
It is also critical at the time you part company with your executive, whether there is a contract in place or not, you should always get advice when a senior employee leaves the company. Whether through dismissal or resignation, in the absence of robust service agreements and contracts of employment, directors and executives could leave your business with key assets such as confidential information (business contacts, business forecasts), intellectual property and your other employees! They could also steal your clients and interfere with your supply chain.
We can prepare solid contracts for your business to protect your business and brand when your key people want to move on. We can also help you enforce these terms when you find that they are not complying with the terms of their employment agreements.
Also see – Restrictive Covenants & Confidentiality