Duty of Loyalty

By: Colin A. Walker

September 15, 2020

In most states, some employees—regardless of any contractual obligations—owe a duty of loyalty to the employer, which is similar to a fiduciary duty, but not identical.

Commissions and Non-Discretionary Bonuses

By: Colin A. Walker

September 15, 2020

Poorly written (and unwritten) commission agreements have spawned a plethora of litigation. Commissions should be carefully thought-out and set forth in a clearly written commission agreement signed by the company and the C-Level executive.

Deferred Compensation

By: Colin A. Walker

September 15, 2020

In the start-up phase of a business, cash flow is often a difficult issue. R&D, equipment outlays, leasing and other costs often strain the finances of a new business.