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Employment agreements, or employment contracts, define the terms and conditions of the employment relationship. While employers are not required to extend written contracts to employees, having a clear, well-structured agreement reduces misunderstandings and protects both the employer and the employee throughout the employment relationship.
Well-drafted agreements can also outline how confidential information is handled, whether intellectual property needs protection and what happens when an employee leaves the company.
Employment agreements are especially important when hiring executives, technical specialists, employees with access to sensitive data or anyone whose role includes stock options, bonuses or other complex compensation elements.
This article explains Virginia’s new law prohibiting noncompete agreements for health care professionals and outlines exceptions, permitted repayment provisions, and related compliance considerations.
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