Contracts are legal agreements made between parties. When one party doesn't uphold their responsibilities in the contract, there is a chance that the other will take legal action for breach of contract. Not all of these cases end up in a trial court. Instead, many breaches of contract matters are handled through alternative dispute resolution methods. This includes mediation and arbitration, both of which might be specifically included in a resolution clause in the contract.
Most employees are required to sign a non-compete agreement before they start a new job. This helps the employer to ensure that their business is protected in the event of an employee leaving the company and moving on.
A study conducted by Today's Hospitalist shows that at least 70% of all physicians leave their first employer within at least two years of starting their job. Many of them do so to take on a more exciting opportunity elsewhere. They're often so eager to start the new role that they don't take time to closely review their employment contract. This results in many doctors being sued for breach of contract.
The business world is full of contracts and agreements. One of these is a non-compete agreement, which is made between an employer and an employee. Typically, they are done to prevent the employee to use what they learned at the employer's business to help competitors.
Health care is a highly regulated industry. There are certain rules and regulations that mental health counselors or therapists must familiarize themselves with and adhere to if they wish to remain in compliance with state and federal laws. One obligation they have is to provide their patients with a privacy disclosure outlining their responsibility to protect their confidentiality. Some situations call for breaching this contract though.
A recent report published by the Florida Department of Health shows that the state is facing a shortage. Health care analysts note that the existence of noncompete agreements that doctors are forced to sign may be to blame for the shortage. Many physicians who sign on to work for larger health care companies are asked to sign these as a condition of an offer of employment.
When your company goes through a merger, holding on to key people is important. It's also hard to do.
A former college official is suing the University of South Florida-St. Petersburg and its president, contending they breached a contractual agreement concerning her resignation.
Breach of contract is something that all businesses should try to never allow to happen. These contracts are the backbone of the business world because they set clear standards and penalties for relationships between the company and other companies, employees, vendors and contractors. Ensuring that your company is being protected by the contracts that you have in place is imperative.
Physicians covered by noncompete agreements (NCA) often ask their attorneys if they can take on a new job without violating the terms of their previous contract. A doctor who intends to join a practice in the same geographic region should sit down with a contract attorney to ascertain if their new job would breach their existing NCA.