Repossession Company Contract Tips

Summary

Creating a written contract for hiring a manager in California is advisable. The contract can be for 2.5 years and should include employment duration, job responsibilities, compensation, and a termination clause. If the manager wants to quit or performs poorly, the contract should specify notice periods and performance standards. If you want to prevent quitting within the contract period, include a binding clause, but consult an employment attorney to ensure compliance with California labor laws.

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I am starting a reposession company in the state of california and i would like to hire a manger for 2 years, should i make a contract
Hi Cjay,
Yes, it is highly advisable to make a written contract when hiring a manager for your repossession company. This ensures clarity on terms of employment, responsibilities, and can help prevent future disputes.
Would you like information on what should be included in the contract?
yes am i able to make it for *.5 years long
Hi Cjay,
Yes, you can make the contract duration for *.5 years. Here are some key points to include in the contract:
- **Duration of Employment**: Clearly state the start and end dates.
- **Job Responsibilities**: Outline the manager's duties and expectations.
- **Compensation**: Specify salary, benefits, and any bonuses.
- **Termination Clause**: Include conditions under which either party can terminate the contract.
- **Confidentiality**: Ensure any sensitive information is protected.
Would you like more details on any specific section?
what if they want to quit and start doing a bad job
Hi Cjay,
If the manager wants to quit and starts performing poorly, it's important to have a solid termination clause in your contract. Here are some points to include:
- **Notice Period**: Specify how much notice the manager must give before quitting.
- **Performance Standards**: Clearly define what constitutes unsatisfactory performance.
- **Grounds for Termination**: Detail the conditions under which you can terminate the manager's contract for poor performance.
Would you like more information on drafting these clauses?
what if they cant quit for *.5 years
Hi Cjay,
If the manager cannot quit for *.5 years, you can include a binding clause in the contract stating that early termination is not allowed except under specific circumstances. This is complex, so it's advisable to consult an employment attorney to ensure compliance with California labor laws. Would you like more details on this?