template

Contract For Employing A Salaried Partner (Employment Contract)

by
Genie Team
Genie Team
Oct, 04 2022

When to use this template

This is a contract between a salaried partner and the full equity partners of a general partnership, in which the salaried partner is treated as an employee. This contract is separate from the main partnership agreement between the equity partners.

Key issues covered in this template

  • Business contacts
  • Complete training
  • Duties assigned
  • Invalid email
  • Mandatory reporting
  • Privacy standards
  • Reporting requirements
  • Salary and benefits
  • Sick pay entitlement
  • Tax evasion
  • N/A

What to watch out for

  • The contract should be clear about the duties and responsibilities of the salaried partner

  • The contract should specify how the salaried partner will be compensated

  • The contract should specify the term of the agreement and any conditions for renewal

  • The contract should address what will happen if the partnership is dissolved

9

Used by

Author

Genie Team

Genie Team

@genieteam
Genie AI

The Genie Team consists of lawyers and paralegals. Our aim is to open source the law and provide high quality, regularly reviewed legal documents.

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Legal Services
18%
Technology
18%
Consultancy
17%
Finance
17%
Consumer, Public & Health Services
6%
Education
6%
Energy
6%
Sport & Entertainment
6%
Construction
6%

Additional information

Business categories

Business activities

Relevant sectors

Agriculture, Forestry and Fishing

Mining

Construction

Transport

Wholesale

Manufacturing

Energy

Retail

Finance

Real Estate

Consumer, Public & Health Services

Media

Insurance

Legal Services

Education

Technology

Sport & Entertainment

Consultancy

Public Administration

Other

Relevant company sizes

1 - 3

20 - 49

250 - 999

4 - 19

50 - 249

1000 +

Governing law

England and Wales

Language

English UK

Gender neutral

Yes