This document has important legal consequences. You should seriously consider having it reviewed by an attorney before signing.
This Agreement is made between Abc Company, located at <full company address>, ("Company"), and <employee name>, of <full employee address> ("Employee").
Company hereby employs Employee to perform such duties at such times and in such manner as Company may from time to time direct.
Employee agrees that <he/she> will perform those duties assigned to <him/her> to the best of <his/her> ability, to maintain a current and complete account of <his/her> work and expenses, to remit promptly to Company any moneys paid to <him/her> or coming into <his/her> possession which belong to Company, to devote <his/her> full and undivided time to the transaction of Company business, and to refrain from being engaged in any other business during the tenure of his employment with Company.
Employee hereby assigns to Employer all rights of creation and ownership of all materials, ideas and other tangible and intangible assets produced by or resulting from the work performed under the terms of this Agreement. All trademarks, copyrights, patents and products resulting from the work performed under this Agreement shall likewise be the sole property of the Employer.
All information relating to the projects of Employer and its business dealings are to be considered trade secrets of Employer. If required by Employer, Employee agrees to sign and abide by a non-disclosure agreement regarding the use and confidentiality of this information. Violation of the non-disclosure may, at the sole option of Employer, result in immediate termination of employment under this Agreement.
Employee agrees that upon termination of employment, whether voluntary or involuntary, <he/she> will not engage in business activity that could reasonably be construed as being in competition with Employer for a period of <non-competition period> from the final date of employment and termination of this Agreement.
In consideration of the foregoing, Company agrees to pay to Employee the amount of <salary> Dollars, ($<0.00>), per <pay period> plus reasonable approved expenses incurred for the purpose of and while conducting Company business.
This contract shall become effective on <start date> and remain in effect until it is terminated by either party. Either party may terminate this agreement by providing the other party with <notice time> written notice of his or their intention. Should this agreement be terminated by either party, Employee agrees that the payment of full salary to the date of termination shall fully satisfy all claims against Company under this agreement.
Employee understands and agrees that employment is terminable at will by employer and shall not be considered an employment contract for any specified term or minimum time period.
In any action or suit to enforce any right or remedy under this Agreement or to interpret any provision of this Agreement, the prevailing party shall be entitled to recover its costs, including reasonable attorney's fees.
IN WITNESS WHEREOF, the parties have executed this agreement on 06 April, 2005.