Employment Agreement starting

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What is an Employment Agreement?

An Employment Agreement is a legally enforceable contract signed by both the employer and the employee when the latter starts a new position with the Employer. The Employment Agreement lays forth the rules, rights, and duties for the employer and the employee, as well as any additional commitments made in a particular hiring circumstance. An Employment Agreement spells out your employees' employment rights as well as the obligations and tasks you expect them to do while working for the employer.
An Employment Agreement protects all confidential information passed on by the employer to the employee during the course of the employment. It also states, who would be the owner of any intellectual property created during the course of the employment. An Employment Agreement also outlines the remuneration, reimbursement, accommodations, travel expenses, if any.

Types of Employment Agreements

This is basically an agreement that speaks of the appointment and what type of job it is. The salary offered during the interview, probationary period and all, conditions for employment, position, etc.
An Offer Letter is basically a letter on behalf of the company, offering a particular candidate the job and is meant to be signed by the employee if he is willing to accept the offer letter.
A notice with regards to the termination of a particular employee with the reason for such termination, along with notice period and other necessary information.

Why Employment Agreement?

Reduces Liabilities
The major benefit of having an Employment Agreement in place is that it reduces the possibility of future claims by employees, ensuring that both parties (employer and employee) are in agreement with the terms and conditions before signing them.
Defining Rights of Employers and Employees
It clearly outlines the roles and obligations of each of the parties to the Employment Agreement.
Protects Confidential Information
An Employment Agreement will provide additional protection for positions that require the handling of sensitive or secret information. A secrecy provision will guarantee that sensitive information that may be useful to rivals is not disclosed.

Documents/ Details we need

Names and References
Names of the Parties and their Aadhar/PAN Card details
Terms & Conditions
Agreed terms and conditions between the Employer and Employee.
Scope of work
Complete details about the Job description.
Remuneration Offered
Details with regards to payment for services provided.

Important Clauses

Title of Position Offered
This clause specifically defines the designation of the employee, as well as their tasks and obligations, and duties towards the employer.
Benefits
The clause specifically defines the benefits enjoyed by an employee depending on their position at the company. The higher a person's position in a firm, the more benefits they receive.
Social Security Benefits
Employee PF and insurance plans are the most important factors in every Employment Agreement. It must adhere to legislative standards to provide employees with social security.
Vacations and Leaves
This clause deals with the number of vacation days granted by the organization, including but not limited to government holidays.
Non-Compete Clause
This clause specifically states that the party agrees not to enter into similar or same trade or profession in competition against the employer for a specified period of time as agreed by the parties.
Remuneration
This clause specifically defines the annual payment structure of the employee, the time period of the payment, employee stock options, bonuses (if any), etc.

What's the process ?

1. Assessment
Our team will reach out to you to obtain the necessary information to assess the details of the nature of the employment, remuneration, probation if any, and all other necessary information.
3. First Ready Draft
We will complete the first draft of the Employment Agreement / Offer Letter and email it to you for approval within 48 hours. Following approval, any necessary adjustments will be made and submitted to you on the agreed next date.
2. Due Diligence and Drafting
Once we receive the information, we will begin drafting the agreement from scratch, such as mentioning the nature and terms of the employment, the role of the employee, remuneration for work, time period, and other relevant clauses as required by the parties.
4. Final Agreement
With a high-quality team of professionals, the entire process of creating the draft and delivering the final copy of the Employment Agreement/Offer Letter as per your needs will be accomplished in 72 working hours.
1. Assessment
Our team will reach out to you to obtain the necessary information to assess the details of the nature of the employment, remuneration, probation if any, and all other necessary information.
2. Due Diligence and Drafting
Once we receive the information, we will begin drafting the agreement from scratch, such as mentioning the nature and terms of the employment, the role of the employee, remuneration for work, time period, and other relevant clauses as required by the parties.
3. First Ready Draft
We will complete the first draft of the Employment Agreement / Offer Letter and email it to you for approval within 48 hours. Following approval, any necessary adjustments will be made and submitted to you on the agreed next date.
4. Final Agreement
With a high-quality team of professionals, the entire process of creating the draft and delivering the final copy of the Employment Agreement/Offer Letter as per your needs will be accomplished in 72 working hours.

Why choose us

PERSONALISED SERVICE

A dedicated Case Manager ensures quick turnout to all your queries and tailored solutions that fit perfectly for your requirements.

72 HOURS DELIVERY

All your drafting queries are addressed, understood, and delivered with quality under 72 Hours.

EXPERIENCED TEAM

Our team of dynamic professionals is well experienced and extremely proficient to cater to your needs, ensuring the best service.

24/7 HELPLINE

We are available to address and clarify all your queries round the clock. So you can worry less and focus more on the business.

Frequently Asked Questions

It makes no difference if an agreement is printed on the company’s letterhead, plain paper, or stamp paper. As stated in Section 17 of the Indian Stamp Act, 1899, it is critical to confirm that the correct stamp has been paid on the agreement, and that the price varies from state to state.
“All instruments charged with duty and executed by any person in India should be stamped before or at the time of execution,” according to Section 17 of the Indian Stamp Act of 1899. “Every instrument by which any right or obligation is, or claims to be, established, transferred, limited, extended, cancelled, or recorded,” according to Section 2(14) of the same statute.