What are the potential risks of overlooking the review of your employment contract?

81% of Canadian professionals will be seeking new job opportunities in 2024, according to survey conducted by Robert Walters. In today’s dynamic job market, it is common for employees to seek greener pastures in pursuit of better pay and career growth. However, in the excitement of a new job offer, one critical step often gets overlooked: having your employment contract reviewed by a legal expert. From an employment law perspective, this step is not just advisable; it’s essential for safeguarding your rights and interests.

Employment contracts serve as the foundation of the employer-employee relationship, outlining rights, responsibilities, and expectations for both parties. Yet, these documents can be complex, filled with legal jargon and clauses that may not be immediately clear to the average person. Without proper scrutiny, employees risk unwittingly agreeing to terms that may be unfavorable or even detrimental to their career.

How can legal experts help clarify complex language and identify red flags in your contract?

One of the primary reasons for having your employment contract reviewed is to ensure clarity and understanding of its contents. Legal professionals specializing in employment law possess the expertise to dissect complex language and identify any ambiguities or red flags that could potentially impact your rights down the line. Whether it’s concerning compensation, benefits, non-solicitation clauses, or termination entitlements, having a knowledgeable eye review your contract can provide invaluable insights and peace of mind.

Moreover, with the allure of higher pay often motivating job transitions, it’s crucial to carefully scrutinize the financial aspects of the contract. Beyond the base salary, employment contracts may include bonuses, stock options, commission structures, or other incentives that significantly contribute to your overall compensation package. While the promise of increased compensation is a huge motivator for most employees looking for work elsewhere, new contracts may come with different terms and entitlements, especially at the time of dismissal. Understanding the intricacies of these provisions ensures that you are not just chasing a higher paycheck but securing a comprehensive and fair remuneration package.

By having your contract reviewed, you can identify such constraints and negotiate for terms that strike a balance between protecting the employer’s interests and preserving your own professional freedom. Doing so not only ensures clarity and understanding but also empowers you to negotiate fair and favorable terms that align with your career goals and aspirations. In a competitive job market where talent is prized, investing in the review of your employment contract is a small but critical step towards securing your professional future.

How can Whitten & Lublin assist with employment contract reviews and legal advice?

If you have questions about your employment contract or employment entitlements, we encourage employees and employers alike to seek legal advice. We at Whitten & Lublin are happy to provide insight and advice into your specific circumstances. If you are looking for employment lawyers and would like more information about what Whitten & Lublin can do for you, please contact us online or by phone at (416) 640-2667 today.

Author – Rachel Patten