Beyond Drafting And Reviewing Non-Competes, What Are Some Of The Other Important Ways That You Can Help Professionals?
In addition to drafting and reviewing non-competes, a few of the important services I can offer include reviewing and consulting on what is and isn’t considered “for cause” termination and what happens upon separation from the existing company, among others.
Do You Assist In Cases Where Someone Has Already Been Terminated? Can You Advise On What Their Transition Out Of The Company Will Look Like? Do You Take Cases Contesting Allegedly “For-Cause” Terminations, And Other Wrongful Termination Cases?
Yes, we handle cases where termination—and potentially wrongful termination—are involved. We specialize in clarifying the terms of contracts and agreements in these cases.
Does Your Firm Also Assist With Negotiating Points And Clauses On Contracts?
We absolutely assist with negotiation the points on a contract before signature.
In A Typical Employment Contract, Which Points Are Potentially Negotiable?
I would say that the main negotiable points are the scope of what is included in the various clauses of the contract, and how broad the non-compete is.
Some of the points of negotiation may include:
- What constitutes “for cause” and “not for cause” termination or dissociation
- The terms of termination and/or dissociation—i.e., what happens during the process, including what you get or don’t get.
- Stock options and whether vesting is involved (which we will always push to accelerate in a given contract as much as possible), as well as what happens to them in the event of termination or dissociation
There are a number of different points. If stock options are available, we can sometimes negotiate for them to be thrown in as an enhancement of salary. So, you might not get the cash compensation that you’re looking for, but sometimes your salary takeaway can be enhanced with an option portion. These are only some of the many different things that we can advise you on during the negotiation of the contract.
For more information on Employment Law in Pennsylvania, an initial consultation is your next best step. Get the information and legal answers you are seeking by calling (610) 756-2300 today.
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