A recent in-depth business article spotlighting employment agreements and their obviously central role in the commercial universe makes a salient point: “clarity matters.”
It does indeed. We stress at the tenured Houston business law firm of Stephenson Fournier that an employer’s contracts must “be drafted with great care,” for myriad reasons, including these:
- They can feguard important proprietary information ranging from processes/formulas and business plans to customer data, executive compensation and many additional matters
- They can protect against competitors who might otherwise gain an unfair advantage by exploiting the knowledge of recently departed key employees
- They can clarify details relevant to company-personnel relationships
- They should spell out the parameters and specifics applicable to workers’ hiring, performance expectations, compensation/promotion and termination
- They can serve as company blueprints on matters addressing wages, time off, benefits, grievance processes and other concerns
The above-cited article notes that, in a nutshell, tailored and well-crafted employment contracts provide commercial principals in Texas and elsewhere with “a strong measure of protection.”
And that is understandably important. Business principals routinely deal with multi-sourced stressors ranging broadly from regulatory compliance challenges to risks that can potentially spawn lawsuits and liability
They can derive great confidence from knowing that a proven team of commercial law attorneys has identied, drafted and negotiated fundamentally important company contracts.
Every Texas business has unique needs, from the perspective of both challenges and opportunities. Guidance from an established commercial law legal team can help them identify/respond to risk and fully promote their best interests.