These are also called binding financial agreements .

Do you refuse to hire the star player who refuses to accept an employment offer that includes a non-competition agreement? If an employee does sign the agreement and eventually quits to start a competing business or work for a competitor, are you willing to bring suit to enforce the agreement? Over the years, the Connecticut … [Read more…]

There will be no need to enter into a new agreement every year.

In business, an MoU is typically a legally non-binding agreement between two (or more) parties, that outlines terms and details of a mutual understanding or agreement, noting each party’s requirements and responsibilitiesbut without establishing a formal, legally enforceable contract (though an MoU is often a first step towards the development of a formal contract).[2][3] When … [Read more…]