Before you commence a new position, your employer may ask you to sign a written employment contract.
A written employment contract is a legally binding document signed between you and your employer setting forth the terms of the relationship. Employment contracts can be highly beneficial for defining the nature of the employment contract, and setting out clear guidelines for you to follow as a new employee. Increasingly, employers are creating employment contracts to control the nature of the employment relationship, and to avoid severance liabilities. If executed properly, your employment contract will override greater severance rights and you will only be entitled to the terms of the employment contract. That being said, you cannot contract out of your statutory minimums which is a relatively small amount of termination pay or severance pay. Additionally, you must freely, voluntarily, and fully consent to the terms of the employment contract for the contract to be enforceable.