Fixed Term Contract Costs Employer $497,000.00+
Most employment contracts operate for an indefinite period. Lesser seen are fixed term agreements. The latter are most often used in the context of a sale of business and in the not-for-profit sector (where funding is frequently tied to time-limited grants). Regardless of their underlying motivation, fixed term contracts come with significant risks for employers.
A 2022 Update for Drafting Termination Clauses
Employee “Experience and Sophistication” Irrelevant to Contract Enforceability
Key Provisions to Include in Every Employment Contract
Employer Alert: Ontario Court of Appeal Makes Major Change to Termination Clause Interpretation
Learning from the Pandemic: Considerations for Ontario Employers
Promising the Moon: Risk Management in Employee Recruitment
As an employer in a competitive market, there may be a strong business case to actively recruit top-performing employees from other companies. While there can be clear advantages to attracting talented and qualified employees, an aggressive recruitment strategy targeting workers in otherwise stable employment can also lead to unintended liability.