Review employment contracts regularly or risk incurring extra costs – written by Lai King Hum (HR Law Canada)

(Sourced from HR Law Canada )

Written by Lai-King Hum:

Too often, employers are surprised when their “perfectly drafted” employment contracts become obsolete at critical moments, resulting in unexpected costs or even legal disputes. Unlike other long-term commercial contracts, which are updated only when parties modify their deals, employment contracts require routine reviews to remain enforceable. Otherwise, the contracts, on which employers spent time and often legal fees, may fail to protect them or, worse, become a source of liability.

When reviewing employment contracts, employers need to consider several factors.

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