There are many different kinds of contract disputes that can arise in the course of doing business, and many of them involve disagreements about an unexpected early termination. Making sure that your businesses employment contracts are well-crafted and feature precise, airtight language regarding early termination can save your business much lost time and resources.
Often a business relationship is simply not tenable for an individual or company. While it is possible to wait around looking for a way to terminate an employee for some kind of breach of contract or a Human Resources complaint, it is much better for both parties if the employment contract contains some provisions for either party to terminate the relationship on more professional terms. Such a provision may entail that either party may leave the contract early, while the other party receives some extra privilege for allowing the departure, such as a buyout percentage of the amount of money that would have exchanged hands between the parties over the intended length of the contract.
Stipulating a probationary period in which either party is allowed to reverse one’s decision to extend or accept employment is another good way to protect both a business and potential employees. There are many individuals who may not be ideal for the company, but are certainly relationships that the business wants to maintain carefully once it determined that the position is not the right fit.
Contract disputes can be frustrating and costly in both time and resources for a company of any size. Qualified legal counsel can help you create contracts built specifically for your business needs and aid in avoiding problems before they even become problems at all.