Section 30 Employment and Consulting Agreements

• Library: Bus Trans 2005

Employment and consulting agreements not only provide key employees and consultants with a sense of security and a connection to the new corporation, they also ensure continuity of the business after the acquisition. An acquiring corporation may enter into new contracts with the key individuals of the acquired company or take over the existing contract between the individual and the acquired company. The acquired company must obtain the consent of each such employee before assigning their employment...