As an employee, you can expect to encounter various types of employment agreements. Continue reading to learn more about the most common kinds you may run into, and reach out to our firm today to speak with a Chesterfield County employment agreement attorney about any questions you may have.
What are the different types of employment agreements in Virginia?
Non-Disclosure Agreements: A non-disclosure agreement is a contract that is signed by an employee to prevent them from examining or otherwise communicating a company’s confidential information. Employees are typically required to sign this legal document when a company exposes an individual to trade secrets and other confidential information. In some situations, the consequences for violating a non-disclosure agreement are set forth in the agreement itself. However, there can be times when an employee may be wrongfully accused of violating a non-disclosure agreement. If you are facing this situation or if you need an attorney to help you in analyzing the agreement before you decide to sign, our firm is on your side.
Severance Agreements: If a company lays off an employee, the company may present the employee with a severance package. This is an agreement that supplies the employee with an amount of money in exchange for certain terms and conditions. Severance packages usually come with a number of different conditions, which is why it is essential to understand them all. Though the compensation is a great way for employees to have financial assistance while they look for another job, they may no longer be allowed to take legal action against the company, say harmful things about the company, and more. For guidance about your severance agreement, please reach out to our firm.
Non-Compete Agreements: A non-compete agreement ensures that certain employees cannot obtain employment in a substantially equivalent position for a competing company and use their previous company’s private information or strategies against them. This is usually required for employees who are given private company information such as marketing strategies. However, there are some circumstances where non-compete agreements may be unfair or too broad in their scope. For example, this may refer to an agreement that is too broad in terms of geographic location or too long in duration. Furthermore, Virginia law prohibits non-compete agreements for lower wage earners. It may be in your best interest to reach out to our firm today.
CONTACT OUR VIRGINIA EMPLOYMENT ATTORNEY
If you need help with an employment law matter in the state of Virginia, you can count on Passero Employment Law to effectively represent your interests. If you would like to discuss your matter, please contact Passero Employment Law today.