Choosing the right individuals to employ is important, but all too often new companies bring in employees without putting a proper employment contract in place. That can lead to big problems for the business down the track.
In particular, it is absolutely vital that employees within the business are not able to lay claim personally to any of the company’s valuable intellectual property. Confidentiality provisions will also be extremely important, as you will be exposing the inner workings of your business to your employees.
A comprehensive set of employee policies and procedures work hand-in-hand with your employment contracts to define the company culture, set expectations and clarify the rules for all employees.