When you’re just starting out in a new relationship with a company, it can be difficult to negotiate a contract that reflects what you really want. Focusing on these three major points will keep you from getting bogged down in the process:
1. Understand what you’re agreeing to:
Many high-level contracts will contain provisions that include waiving your right to take certain claims to court and to agree to arbitrate instead. Depending on how the provision is written, there may be many potential positives to arbitrating, including increased privacy for the parties, decreased costs and delay. However, some provisions can include procedures that favor the company and put your rights at risk. It all depends on the language of the contract.
2. Prioritize what’s important:
A key part of any negotiation is knowing where you can give in and where you want to stand firm. Take time to think about what’s really important to you in an employment contract and what you’re willing to give up in return. Then stay tough on the points that really matter.
3. Get Backup:
Involving a lawyer who deals with employment contracts every day is the best way to ensure you don’t let something slip through the cracks. Even individuals who are very seasoned in negotiation should consider relying on an expert to make sure you fully understand your rights and obligations.
If you would like us to get involved in negotiations on your behalf, contact us for a free, 30-minute consultation with an employment lawyer.