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You know the old saying, "the devil's in the details"? Well, these are the details that, if unattended, could derail your plans. Learn how to preserve intellectual property, protect yourself during negotiations, and how to select the business model that is right for you.

 


Employment Agreements

These are the conditions for employment within your company. This contract should outline the policies and procedures of your business, and there should be a thorough explanation of each employee's duties. In some cases, such agreements will include non-compete clauses, which can be as specific as to prohibit employees from working for any firm owned by one of your competitors or more locally-focused to stop a mass migration from your office to a similar one across the street.

The agreement should also spell out things like vacation policy and sick days, insurance and other benefits, rules regarding the use of company resources, how performance is evaluated, the salary being paid to that worker, and other questions you might have of a company that was hiring you.

Example

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