One of your responsibilities in a growing business is hiring employees to help manage and sustain your success. However, ensuring that your business and its assets are protected is critical when drafting employment contracts.
At Astre Legal, we understand the importance of having a well-drafted employment contract in place. We provide custom-tailored contracts to meet your unique needs and requirements.
Our employment contracts are designed to protect your business interests while also providing a clear understanding of your employees' rights and obligations. With our expertise, you can be assured that your contracts will comply with all relevant laws and regulations, mitigating any potential legal risks for your business.
Whether you're hiring your first employee or expanding your team, Astre Legal can help you draft an employment contract that is tailored to your specific situation. Contact us today to learn more about our employment contract drafting services and how we can help your business thrive.
The key considerations of an employment contract
It is imperative that your employment contract comprehensively outlines the position, duties, and remuneration of your employee in a clear and unambiguous manner. Have you determined whether your employee will be compensated on an hourly basis or with a fixed salary? In addition, you may wish to consider extending supplementary benefits, such as vacation days, holidays, or employee stock options, to further incentivize and retain top talent..
When it comes to the duration of the employment relationship, careful consideration must be given. Are you planning to hire an employee for a fixed term, such as six months or two years, or is the employment intended to be indefinite?
In order to safeguard your business's trade secrets and prevent any potential solicitation of your employees or clients, it is prudent to include non-disclosure and non-solicitation clauses in your employment contract. Furthermore, establishing a clear and effective process for dispute resolution is essential. By providing a comprehensive dispute-resolution process, you can proactively address and mitigate any conflicts that may arise, ensuring a smooth and professional employment relationship.
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What is a corporation?A corporation is a legal entity that can enter into contracts, incur debt, and even own property. Every corporation is comprised of shareholders, directors and officers. When forming a corporation, owners transfer money, property or assets into the corporation in exchange for shares. These owners then become shareholders of the corporation and they can buy or sell their shares without affecting the existence of the corporation.
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What's a minute book?Each corporation is legally required to keep, maintain and regularly update their corporate minute book. This book is the legal history of the corproation starting from its incorporation. Each decision is recorded into the minute book which allows potential investors, the CRA and interested people (for example, a potential buyer) to assess the history of the corporation. If you need to create, re-create, or update your minute book visit our minute book page. In a minute book, you will generally find: Certificate of Incorporation Articles of Incorporation Resolutions Share Certificates Share Registry Shareholder's Register Director's Register Officer's Register
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What are Shareholders, Directors, and Officers?"Enter your answer here
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Can one person incorporate a company?Yes, one person can incorporate a company by themselves. This person will play the role of the shareholder, director and officer.
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How long does a corporation exist?A corporation can exist forever since it is a separate legal entity. It is independent from its shareholders, directors and officers. It's existence can be ended by dissolution (voluntary or involuntary).
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Do I need a lawyer to incorporate?The incorporation process requires many legal documents which are best prepared by a lawyer. You should always consult with one before incorporating to ensure you have the right and accurate documents.
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What's the difference between a named and a numbered corporation?A corporation can be incorporated using a name or let the appropriate authority provide it with a number to identify the corporation. If dealing with the public, numbered corporations will also declare a business name that they will use for their business purposes.