Employment Agreement Review and Negotiation
Our legal experts assist employees and executives with the review and negotiation of employment agreements, executive compensation plans, and job offers. In New Jersey, these agreements are binding both during and after your employment, regardless of how it ends. They often include non-compete and non-solicitation clauses, which could restrict your ability to compete with your former employer.
These contracts define the terms of your relationship with the company. They detail your compensation and may impose limitations on external earnings and restrict your activities post-employment. It’s crucial to understand these terms fully. Our attorneys guide you through every clause to safeguard your interests.
Non-Compete Clauses in New Jersey
Non-Compete agreements protect employers by restricting former employees from exploiting sensitive information like client details and trade secrets. These agreements can be part of the initial contract or introduced during employment.
For a Non-Compete agreement to be enforceable in New Jersey, it must meet three criteria: protect the employer’s legitimate interests, not cause undue hardship on the employee, and not harm public interest. Balancing these elements is key to creating an effective and lawful agreement.
Non-Solicitation Agreements in New Jersey
Non-Solicitation agreements limit your interactions with specific businesses or individuals post-employment. These clauses can appear in initial contracts, severance agreements, or other documents.
These agreements prevent former employees from enticing away clients, customers, or colleagues. Understanding the extent of these restrictions is crucial, as they can impact your career and professional relationships. It’s important to have a clear grasp of these implications and ensure they align with legal standards and your goals.
Limits On Your Right To Hire Employees
Non-solicitation agreements often prevent individuals from hiring employees of their current employer after leaving the company. This aims to protect the employer’s workforce from being poached, safeguarding the company’s operational stability and retaining valuable human resources.
Limits On Your Right To Do Business With Customers
Non-solicitation agreements may include provisions to prevent former employees from conducting business with their previous employer’s clients or contacts. These clauses protect the employer’s customer base and business interests by ensuring departing employees do not take clients with them. Understanding the specific language and implications of these agreements is crucial for your professional path post-employment.
Contact Our Experienced New Jersey Employment Agreement Attorneys
Castronovo & McKinney, LLC has successfully represented numerous executives and employees in employment agreement negotiations in and around Galloway Township. Our expertise includes securing guaranteed severance, ensuring compensation during non-compete periods, and enhancing compensation and benefits terms. Consulting with an employment attorney before signing any agreement is essential. You have the right to take time to review the contract thoroughly. Contact us today for a thorough review and negotiation of your employment agreement, ensuring your rights and interests are safeguarded.
Castronovo & McKinney, LLC helps clients with their employment agreements throughout New Jersey, including Galloway Township.