Legal Question in Business Law in Minnesota
In March of 2009 I signed a retention bonus agreement. It said if I left before 36 months I would have to pay back a pro rated portion of the bonus. I'm wondering if this document will hold up in the state of Minnesota.
Asked on 7/06/10, 3:53 pm
1 Answer from Attorneys
David Anderson
Anderson Business Law LLC
Perhaps, if the contract was supported by legal consideration.
I would need to review the entire agreement before giving you a formal opinion.
These agreements are frequently the subject of negotiation upon a termination.
Answered on 7/06/10, 6:57 pm
Related Questions & Answers
-
I am asking this question so I know if my butt will be covered in a "worse case... Asked 6/23/10, 10:27 pm in United States Minnesota Business Law
-
I own an automotive repair shop.Can a customer come in and demand delivery of their... Asked 6/17/10, 11:53 am in United States Minnesota Business Law
-
Do state law regulate for online business? Does state law regulate for online... Asked 6/14/10, 11:42 pm in United States Minnesota Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
