Clarifying an Employment Agreement
Ambiguities in contracts breed litigation. Recently, the United States District Court for the District of Minnesota issued a ruling in Riddle v. Geckobyte.com, Inc. concerning the ambiguity and vagueness of the parties’ employment contract. The decision demonstrates how unclear contracts keep parties in court and out of business. Background of the Dispute Plaintiff Jeffrey Riddle […]
Executive Contract Terms Can be Colorful
The drafting and negotiation of employment agreements for CEOs and other high-level executives involves unique and sometimes colorful terminology such “golden handcuffs,” “blue-pencil”, “red-line,” “evergreen,” “yellow dog” and even “brown M&Ms.” Understanding this terminology, and its application, can assist executives, employers, and their advocates to negotiate the best deal possible. The following is a list […]