When to Hire a Business Attorney for Executive employmenthttps://toppinslawfirm.com/wp-content/themes/toppins/images/empty/thumbnail.jpg 150 150 Wasim Wasim https://secure.gravatar.com/avatar/9402f7ed21295a9145078a28c1b792c7?s=96&d=mm&r=g
One of the most difficult things for companies to do is to hire competent executives to take up the key managerial positions in the company. Executive employment is a very sensitive process in the corporate world- it has the potential to make the company or break it. It is therefore important to exercise caution and care when employing executives and most importantly, hire an attorney to not only offer legal counsel but oversee the entire process.
Equally, if you are an executive looking to go into contract with a company to serve as an executive, it is important to proceed with caution because the move can either take your career to the next step or potentially lead to a crisis from which you will never recover. This is why it is advisable for executives to hire the services of an experienced attorney to help them with the signing of the contract to become an executive in a given company.
Although it is possible for an employer and an executive to sign a contract without the presence of an attorney, it is very risky and can result in major disputes in the future. Because of the nature of the job of executives in companies, their high compensation and large amounts of authority that the executives have, their employment becomes very tricky for companies and negotiating the contracts can be tedious. This is where the expertise of a business attorney is required and if a company is wise, they should always hire the services of a business attorney.
Here are some of the reasons why hiring a business attorney to oversee the hiring of executives is very important;
Attorney will negotiate the contract on your behalf
Whether you are an executive going into contract with a company or are a company looking to employ an executive and have sought the services of a well versed attorney, you will rest assured that the attorney will do the negotiations on your behalf. Irrespective of how experienced you are as an executive, you will never quite understand the complex task of negotiating contracts with companies and even if you are good at it, you will never get as good a deal as an attorney will get on your behalf.
If companies or executives are looking for the best deals for them, they should always hire an attorney and let them do the negotiating on their behalf.
Attorney will help outline the obligations and role of the executive in the company
As earlier on mentioned, the authority and power vested on executives sometimes becomes a thorn in the company as time goes by. This is why it is imperative to outline the executive’s job title and their obligations in the company before they are given the job.
Although it is possible for the company’s board to draft a job description for the executive to be employed, it is easy for them to miss important clauses and limitations which might work against them in case of a dispute in future. It is therefore to hire an attorney and let them do the drafting of the job description and outlining of the obligations of the executive on behalf of the company.
An attorney will help protect you from legal liability
Executives hold very important positions in companies and will be held responsible for any mismanagement or crumbling of a company. As such, it is important to ensure that prospective executives are protected from legal liability in the future.
Hiring an attorney will help the executive to understand the various clauses and provisions in the employment contract which covers indemnification and liability protection for high level executives. The attorney will further enlighten you on how to always remain vigilant to ensure that you are not going to be held accountable for any issues that lead to business liability within the company.
The lawyer will also advise on the compensation of the executives
Although most companies choose to keep the compensation of its high level employees private, it is advisable to seek the guidance of an attorney on the same. The attorney will help the company negotiate a fair compensation deal on behalf of the company.
Equally an executive can let an attorney to do the compensation negotiations on their behalf. This way, the executives will get what they deserve for the services they render to the company.
Let Toppins Law Firm help you with executive employment
Whether you are a company looking to hire an executive or are an executive looking to go into contract with a company and are looking for the best attorneys to hire for the same purpose, look no further than Toppins Law Firm in Houston.
If hired, our attorneys will tap into their more than 40 years combined experience in the legal field to ensure that you get the right compensation and that your career and future is protected. Give us a call today and we will gladly be of service.
- Posted In:
- Employment Law