How long is a employment contract valid
Existing employment contracts valid for six months after company’s sale. We are a group of employees working in a company. Two months ago, the owner sold the company to a person, who has told us that he would make new contracts with us from the date of the company’s sale to him and that the existing contracts. While I agree with the other attorneys, you should know that in common law, an employment contract for no specific term is considered to be an "at-will" contract. Also, I can think of no rationale that would allow the employer to require you to repay an arbitrary 6 months of salary you already earned. How to Determine if a Contract Is Valid. A contract is an agreement made between two or more parties that is enforceable by law. The enforcement aspect of a contract is important, because without the ability to enforce an agreement,