- Defining the employee's position, compensation, duties, and performance expectations;
- Defining the circumstances in which employment will be terminated;
- Securing the employee's services for a specific period, if desired, so that business goals may be attained;
- Protecting the employer's intellectual property from unfair competition;
- Avoiding litigation; and
- Defining a forum and mechanism for resolving employment disputes (e.g., through the use of agreements to mediate or arbitrate disputes).
It has become more common for employers to require new employees to sign employment agreements when they are hired. The following are some typical objectives in drafting an employment agreement: