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Assignment Of Employment Agreement Template for United States

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Key Requirements PROMPT example:

Assignment Of Employment Agreement

"I need an Assignment of Employment Agreement to transfer an employee from our US subsidiary to our parent company in California, ensuring all existing benefits and intellectual property terms remain unchanged, with the transfer to be effective March 1, 2025."

Document background
The Assignment of Employment Agreement is crucial during business transitions such as mergers, acquisitions, or corporate restructuring in the United States. This document becomes necessary when an employer needs to transfer its rights and obligations under an existing employment agreement to another entity while maintaining the continuity of employment terms. It addresses key aspects including benefit transfers, liability assumptions, and regulatory compliance, while ensuring the employee's rights are protected. The agreement must comply with both federal and state employment laws and often requires careful consideration of existing contractual obligations.
Suggested Sections

1. Parties: Identifies the assignor, assignee, and employee

2. Background/Recitals: States the existence of original employment agreement and intention to assign

3. Definitions: Defines key terms used throughout the agreement

4. Assignment: Core provision detailing the transfer of rights and obligations

5. Assumption of Obligations: Assignee's acceptance of employment agreement obligations

6. Employee Consent: Employee's acknowledgment and agreement to the assignment

7. Effective Date: When the assignment takes effect

8. Governing Law: Specifies applicable jurisdiction and law

Optional Sections

1. Modifications to Original Agreement: Any changes to original terms (used when terms of original agreement need adjustment)

2. Representations and Warranties: Parties' statements about their authority and agreement status (used in complex assignments or when required by assignee)

3. Indemnification: Protection against claims arising pre/post-assignment (used when liability allocation needs specification)

4. Employee Benefits: Treatment of benefits post-assignment (used when benefit structures differ between assignor and assignee)

Suggested Schedules

1. Original Employment Agreement: Copy of the agreement being assigned

2. Schedule of Modified Terms: List of any amendments to original agreement

3. Benefits Schedule: Details of transferred or new employee benefits

4. Required Consents: Third-party consents or regulatory approvals

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Industries

Fair Labor Standards Act (FLSA): Federal law establishing minimum wage, overtime pay, recordkeeping, and child labor standards affecting full-time and part-time workers

National Labor Relations Act (NLRA): Federal law protecting employees' rights to organize, bargain collectively, and engage in concerted activities

Title VII of the Civil Rights Act: Federal law prohibiting employment discrimination based on race, color, religion, sex, and national origin

Americans with Disabilities Act (ADA): Federal law requiring reasonable accommodations for disabled employees and prohibiting disability-based discrimination

Age Discrimination in Employment Act (ADEA): Federal law protecting workers 40 and older from age-based employment discrimination

Employee Retirement Income Security Act (ERISA): Federal law setting minimum standards for pension and health benefit plans in private industry

State Labor Codes: State-specific laws governing employment relationships, working conditions, and labor rights

State Wage and Hour Laws: State-specific regulations on minimum wage, overtime, meal breaks, and working hours

State Discrimination Laws: State-specific protections against employment discrimination, often broader than federal laws

Common Law Assignment Principles: Legal principles governing the transfer of rights and obligations from one party to another

Doctrine of Novation: Legal principle regarding the substitution of a new contract for an existing one, with all parties' consent

Statute of Frauds: Legal requirement that certain contracts must be in writing to be enforceable

Immigration Reform and Control Act: Federal law governing employment eligibility verification and prohibiting employment of unauthorized aliens

Successorship Doctrine: Legal principle determining when a new employer assumes the obligations of the previous employer

Employee Consent Requirements: Legal requirements for obtaining employee agreement to contract assignment and material changes

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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