Human capital is often the most important part of startups and growing companies. It’s important to ensure the people working with you have appropriate contracts. We know how to protect your rights as employer and also ensure there are no surprises when it comes to tax and intellectual property and (hopefully not!) separation.
Types of Worker Contract
Fixed Term Worker
What Terms to Include?
All human resources contracts are different, however some of the common terms are:
Type of Relationship
Restrictions on outside interests
Things to Watch Out For
Intellectual Property: it’s important to carefully define the relationship between the company and workers. Employees automatically transfer IP to their employer whereas consultants do not and you need an IP assignment clause in their engagement contracts.
Pensions: pensions law is continually changing over recent years. Today all employers need to offer pension provision to employees. This can be expensive and time consuming, so you need to know where you stand before
Statutory Protections: UK employment law is technical with many different structures and corresponding statutory protections. Get the contract terms or status wrong and it can be difficult to manage your workforce flexibly.
Tax: different work structures involve obligations on the employer to pay tax and national insurance. It’s important to consider work structures that minimize your tax burden, especially in the early stages of your business.
If you’re launching a business, it’s critical you take advice so that your HR contracts and processes are compliant. We can help guide and protect you. If you are pitching to investors it is essential that you have compliant work structures and contracts in place.
We support many startup and growing companies with employment advice and contracts. Get in touch to see how we can help.
Our Template Contracts
All our templates are maintained and incorporate the most up to date statutory terms. We can also advise you on updating your contracts if the law changes.