Your employment contract sets out the terms and conditions of your new job, which include your pay, your hours of work, leave entitlements and many other details. Signing it indicates that you and your employer have agreed to abide by these terms. It is imperative that you understand what you are signing as you are agreeing to your new employer’s terms and conditions.
However, there are legally enforceable minimum terms and conditions that all contracts should must include, and some clauses may have implications down the track in your career (such as non-competeitive clauses, or clauses relating to intellectual property rights). It’s very important that you know your contract adheres to all minimum requirements, and that you understand the implications of any other clauses it contains. Do not assume at all, if you are unsure about any terms and conditions or clauses always go back and ask.
We have broken down 3 steps for you to follow upon signing a new contract.
1. READ your contract
2. UNDERSTAND your contract
3. ASK questions and for advice
Legal fees for a contract review can cost up to $1000 but your membership will allow you to access one of our experts free of charge who will read and explain your contract directly to you. We recommend that you submit your contract to us as soon as possible so that we can reach your desired deadline. Our experts will also check the minimums and explain the implications of all the clauses and conditions to you and making sure that you know exactly what your contract does and doesn’t contain giving you peace of mind. This then allows you to go back to your employer and negotiate any clauses and terms and conditions if you need to.