Legal Question in Employment Law in New Jersey
Is Employment Agreement legal?
Hi, I signed an employment agreement for 1 year with xyz company, as per that agreement if I left the company before 1 year I need to pay $20,000 to my employer, I would like to know that Is Employement Agreements are legal?
1 Answer from Attorneys
Re: Is Employment Agreement legal?
Employment agreements are legal. The question is whether the term that you describe would be enforced by a court. That depends on the circumstances of employment and the investment in the relationship made by the employer. If the court considers the $20k to be a penalty, it will not be enforced. However, if that amount is a reasonable provision for liquidated damages, it will. So, you should consult a lawyer regarding your particular situation.
My firm handles matters of this type. If I can be of further help to you, call or email.
See also: http://info.corbettlaw.net/lawguru.htm
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