Precise and clear price and payment contract provisions are critical to the success of every commercial deals. While most attorneys and professionals have no problems drafting simple price and payment provisions, they may find themselves challenged when the terms and issues become more complex.
When an employee leaves a company, they usually take with them proprietary secrets and other insider knowledge. In order to protect the business, many employers have their soon-to-be former worker sign a confidential separation agreement. These allow both parties to move forward with a shared understanding of what constitutes privileged information. They also clarify other important parting business, such as what the company considers to be non-competition and what constitutes a fair severance package.