The Advisors, February 21, 2011: Employment Contracts, Severance Agreements & Starting Your Own Business

My partner, Seymour J. Mansfield, joined me on The Advisors today (along with host Pamela Muldoon) to discuss issues relevant to leaving an employment position to start a business.  Seymour led off the discussion with the general “at will” employment rules (which I learned is a uniquely American rule) and later moved on to discuss employment contract terms, restrictive covenants (such as noncompetes), fiduciary obligations in close business entity situations, trade secrets and severance and release agreements; I peppered in a few points on the always tricky “independent contractor or employee”  classification for good measure.

In case you missed it, you can listen to the show here .