LAWS 3401 Lecture Notes - Lecture 3: Job Satisfaction, Secret Profit, Fiduciary
6 Dec 2017
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Laws 3401a week 3 september 22nd, 2016. The common law obligations of employees & employers under the. Employees: includes and outlines basic pay, basic hours of work, and vacation as well as other benefits. During negotiations, it is next to impossible to foresee what will happen to the company you are working for. It is therefore hard to plan ahead for certain situations. Employers: must draw contracts in very specific language that is clear because otherwise the courts will rule: restrictive covenant. Prevents the employee from competing with his or her employer within a defined area for a defined time after the employment relationship ends. At its very broadest it will prevent the employee from becoming their e(cid:373)plo(cid:455)er"s (cid:272)o(cid:373)petitio(cid:374). Or it protects the client base from following the employee if they move to a different firms. If the restrictive covenant is written in a very narrow way, it is more likely to be enforced by the courts.
