Employers warned about employee contracts’ restraints of trade litigation risk

By Paul Hayman · 22 December 2010 · Legal

Employers on high alert for costly contract mistakes

As year-end payouts loom, businesses are being urged to review their employee contracts to avoid costly restraints of trade litigation. Don't let outdated contracts put your company at risk - find out what you need to do now.

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Summary

With the end of the year approaching and many businesses finalising employee remuneration and bonus payouts, employers are urged to use this opportunity to update their employment contracts, particularly provisions applied to confidential information and restraints of trade, which may be either unsatisfactorily drafted, or out of date, according to Harmers Workplace Lawyers.

Tags: Contract, Employees, fees, Legal, Negotiation, Pay, Value