Another benefit is the clear reduction in legal liability that a business can achieve by using a simple employment agreement template. When you have clear requirements for both parties written in a signed document this eliminates a lot of the ambiguity and costs associated with lawyers and courts if you are ever sued by a current or former employee (or worse yet, the employees union). As long as the agreement follows the law and the employee was competent at the time of signing, most courts will honor its terms. This can get you out of a very expensive situation!
A basic employment agreement template can be extremely helpful when building a company or even reducing the size of a company during challenging economic periods. There are several pluses and minuses to consider in determining if such an agreement is right for your business and how to go about using one. The first benefit to consider is the ability to clearly delineate the roles and responsibilities of both the company and employee in a single document. With a form template, this process can be quite easy and quick, even as simple as filling in some blanks and signing. A good form will have some empty lines to write specifics about the job role in case the basic agreement does not cover them.