Offer Letters and Employment Agreements
We regularly advise executives and entrepreneurs around the country on the terms of their offer letters and employment agreements, on the best ways to protect themselves in their employment, and on the risks of choosing not to do so. Offer letters and employment agreements are essentially professional pre-nuptial agreements that set out the terms of an employees’ employment and the protections afforded should things go wrong. The negotiation of an offer letter or employment agreement can take less than an hour in some situations, but weeks and months in other circumstances.
Offer letters come in many types and sizes. They may be one page or many pages, sparsely written, or as detailed as the most detailed employment agreement. An employment agreement is often stylized as a formal contract for employment. Like the offer letter, the employment agreement may be only a few pages or many pages. Functionally, there is no difference between a well-drafted employment agreement and a well-drafted offer letter. The key is the protections the employee negotiates into the offer letter or employment agreement.
Advising executives and entrepreneurs about the terms of their employment almost always involves advising about more than the terms written into the offer letter or employment agreement. We regularly advise clients about other employment-related documents, including stock option and restricted stock agreements, confidentiality agreements, indemnity agreements, change in control agreements, management carve out agreements, and much more.
If you are taking a job and would like advice on your offer letter or employment agreement, then the Law Offices of Jotham S. Stein P.C. may be right for you.