Continuing on with our 3in3 series, in this video we will discuss what you should know when it comes to termination, tips on selling a business, and how to properly implement new policies for your business.
Former St. John’s University men’s basketball coach, Mike Anderson, is suing the university for $45.6 million, alleging that the university fired him on false grounds. Specifically, he is suing for $11.4 million for the amount remaining on his deal before his termination and $34.2 million in punitive damages.
One of the most common types of lawsuits our clients face is wrongful termination from a prior employee. Should your business ever get sued for the same, one of the most useful pieces of evidence in defending such actions is the documentation related to that specific employee during their employment. Seems simple enough, right? But the key is what you include in such documentation.
In this video, you'll learn how to avoid some common traps that employers fall into when terminating an employee. You'll learn how to minimize the chances that you'll be entangled in a lawsuit with an unhappy employee.