Although Illinois is an employment-at-will state and most employees have no written employment contract, some businesses offer certain levels of professionals and executives contractual compensation terms. But, an employment agreement should provide for more than just typical compensation terms. In the current economic times, professionals want to be sure that they are protected if their employer experiences a change in control or if the employer decides to pursue a different direction than what was initially represented.

Most importantly, you want to be sure that you understand all of your rights and obligations with respect to your employment and know that all terms of employment are clear.

Consult with an attorney to ensure that the employment agreement addresses your professional needs and allows for a fair separation process should things not work out.

Negotiation

Negotiating an employment contract should be about bringing the parties together in a way that maximizes the possibilities for both parties. Unlike other negotiations, in employment agreement negotiations both parties have the same goal, to establish an employer-employee relationship.

We analyze the needs of both parties to the negotiation when advising you on when and what factors should be addressed. Compensation is always an issue, but you need to prepare for contingencies such as a change in control, availability to claim good reason, severance provisions, tax issues such as 409A and 280G, scope of authority and duration of agreement. Not all issues will apply to every situation. Every employment relationship is unique and your employment attorney should understand that a good employment contract addresses the distinct needs of your situation.

The Prinz Law Firm understands the importance of every word. Our attorneys work to give you piece of mind that the agreement you are signing protects you and maintains your professional relationships. If you have any questions about negotiating an employment contract, please contact an employment attorney today.