Reading time: 4 minutes

If you are looking to create a watch repair business, or to expand your already existing watch repair business you should start thinking about what to include in your employment contracts. Employment contracts form the basis of any business. That said, they are even more crucial to a watch repair business because, along with helping you structure your business, they allow you to protect your business from any unnecessary financial liability. Employment contracts do this by telling your employees exactly what they can and cannot do, which will prevent any one employee from overreaching themselves and damaging a customer’s property. Additionally, these clear limitations will encourage a group mentality among all your employees, which will lead to a happy, productive and profitable business.

How can employment contracts protect my Watch repair business?

Employment contracts form the first line of defence between your business and potential financial liability. They do this by ensuring that none of your employees is able to take on work that they probably should not. At first this may seem restrictive, however, in reality it is anything but. When you feel that an employee is competent enough to work in another area and take on a heavier workload, you are able to adjust their employment contract to allow for that.  In addition, employment contracts allow your employees to specialise in the area that you hired them for, which not only prevents any accidents or damage, but actually increases the efficiency of your business. 

In addition, employment contracts ensure that your business is protected from any bullying or harassment that may occur in the workplace, whilst also acting as a beacon that actively discourages such behaviour. As a business owner, you are responsible for the welfare of your employees, and so you should be, as the values of your business reflect your values as a human being. Employees should be treated in the same way and with the same respect as the owner of the business would expect its employees to treat the business’ best clients and customers. Consequently, your employment contracts should act as a point of reference for all of your employees, with regard to how they should behave and treat others in the workplace. Therefore, not only do employment contracts legally protect your watch repair business, but they will foster a safe environment for your employees which will lead to greater productivity and enthusiasm for your business.

So what should I include in my employment contracts?

Employment contracts essentially cover every single facet of your employee’s life when they walk in the door and begin work. This means that the list of matters that need to be covered in your employment contracts is rather large. Matters that you should consider include:

  • Salary
  • Superannuation
  • Annual leave
  • Probation periods
  • Long service leave
  • Confidentiality
  • Intellectual property
  • Non-compete clauses

Can I write all my employment contracts myself?

Although it is certainly possible to write your own employment contracts without prior legal knowledge it can become quite a time consuming and tedious process. In addition, you will have to become familiar with numerous pieces of legislation, and be aware of any proposed governmental changes to working conditions within Australia. The result of this is that most business owners turn to a lawyer to assist them in drafting their employment contracts. However, this should not put you off, as there is a great deal of room with regards to how involved a lawyer becomes in the process. For example, you can draft your own contracts and simply have a lawyer review them in order to ensure there are no obvious legal shortcomings. Alternatively, you can have a lawyer involved in the entire process. An example of the tasks that a typical lawyer will perform when assisting your business to create employment contracts can be found here.

Conclusion

If you are looking to create a Watch repair business, or to expand your already existing watch repair business you should start thinking about what to include in your employment contracts. Employment contracts will allow you to foster a friendly, productive and prosperous environment within your business, while also protecting you from any unnecessary financial liability. In addition, they will allow your employees to specialise in the area that they are best suited, while providing them with the flexibility to branch out and increase their workload if they so desire. However, drafting an employment contract can be a daunting task, as it requires quite a bit of legal knowledge. Consequently, it would be prudent to have a lawyer involved in at least some way with the process of creating employment contracts. If you feel as if you need legal assistance with this, please feel free to call LegalVision for a fixed-fee quote.

Webinars

Construction Contract Essentials

Thursday 12 August | 11:00 - 11:45am

Online
Understand how construction contracts are drafted and how to protect your construction business.
Register Now

Startup 101: Understanding Cap Tables and ESOPs

Thursday 19 August | 11:00 - 11:45am

Online
Cap tables and employee share option plans are essential for fast-growing startups. Learn more with this free webinar.
Register Now

Expanding to NZ: Structuring Your Business For Success

Thursday 26 August | 2:00 - 2:45pm

Online
Launching a business in New Zealand? Understand how to structure your business for success with this free webinar.
Register Now

Preventing Modern Slavery: Your Business’ Legal Obligations

Thursday 9 September | 11:00 - 11:45am

Online
Are you an Australian business with $100m+ annual consolidated revenue? Learn how to determine if you are a modern slavery reporting entity and your obligations under the legislation with this free webinar.
Register Now

About LegalVision: LegalVision is a tech-driven, full-service commercial law firm that uses technology to deliver a faster, better quality and more cost-effective client experience.

The majority of our clients are LVConnect members. By becoming a member, you can stay ahead of legal issues while staying on top of costs. From just $119 per week, get all your contracts sorted, trade marks registered and questions answered by experienced business lawyers.

Learn more about LVConnect

Need Legal Help? Get a Free Fixed-Fee Quote

If you would like to receive a free fixed-fee quote or get in touch with our team, fill out the form below.

  • 2020 Excellence in Technology & Innovation – Finalist – Australasian Law Awards 2020 Excellence in Technology & Innovation Finalist – Australasian Law Awards
  • 2020 Employer of Choice – Winner – Australasian Lawyer 2020 Employer of Choice Winner – Australasian Lawyer
  • 2021 Fastest Growing Law Firm - Financial Times APAC 500 2021 Fastest Growing Law Firm - Financial Times APAC 500
  • 2020 AFR Fast 100 List - Australian Financial Review 2020 AFR Fast 100 List - Australian Financial Review
  • 2021 Law Firm of the Year - Australasian Law Awards 2021 Law Firm of the Year - Australasian Law Awards
  • Most Innovative Law Firm - 2019 Australasian Lawyer 2019 Most Innovative Firm - Australasian Lawyer