The negotiation of an employment agreement and the termination of an employee, and, of course, the time in between, can pose significant challenges and liability issues for an enterprise, regardless of size. In certain companies, the employee is the walking storage device for the operation's institutional knowledge and intellectual property. In others, the hiring of new executive management is demanded by investors who do not believe the portfolio company can achieve more than it has to-date without new guidance. Sometimes, the missing piece is not a permanent employee, but the services of a uniquely talented independent contractor or consultant. Occasionally, an employee is simply not working out or commits a terminable offense.
Securing new hires, compensating them sufficiently and legally, managing professional relationships with them, and safeguarding the company's investment in them during the course of their employment and thereafter, are all components of a company general counsel's charge. Richardson Sixth fulfills these needs throughout the entire cycle for its business entity clients.