A broker is an agent who bargains and/or conducts negotiations for and on behalf of his or her principal as an intermediary between the principal and third persons in the acquisition of contractual rights. Such a broker normally receives a commission or brokerage fee for his or her services. While a broker's primary contractual duty is to procure prospects and negotiate with them on behalf of his or her principal, it is not uncommon for the broker to assume an advisory relationship to clients who are not knowledgeable in the types of contracts involved in the negotiations.
New Hampshire Exclusive Agreement Between Employer and Broker to Secure Group Insurance
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How to fill out Exclusive Agreement Between Employer And Broker To Secure Group Insurance?
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FAQ
A contract of employment is a legally binding agreement between you and your employer. A breach of that contract happens when either you or your employer breaks one of the terms, for example your employer doesn't pay your wages, or you don't work the agreed hours. Not all the terms of a contract are written down.
Consideration is a promise, performance, or forbearance bargained by a promisor in exchange for their promise. Consideration is the main element of a contract. Without consideration by both parties, a contract cannot be enforceable.
Each party exchanges something of value as part of the contract. A consideration clause outlines this exchange of value and is one of many parts of a valid contract. Without it, your contract may not be valid, as no value is exchanged between the parties.
The consideration clause insurance specifies the amount of premium payment that should be paid to the insurance company, and when that premium should be paid.
The Company and Executive Employee acknowledge that Executive's Employee's employment is and will continue to be at-will, as defined under applicable law. As an at-will employee, either the Company or the Employee may terminate the employment relationship at any time, with or without Cause.
An employment contract is an agreement signed by the employee and employer (or labor union) regarding the rights, responsibilities and obligations of both parties during the period of employment.
Adequacy of consideration is when there is a clear and understood exchange of value in a contract. For a contract to be valid, there must be sufficient adequacy which can look like: Promises to do or not do something. Exchange of valued goods or services.
Terms of employment are the benefits and responsibilities that an employee agrees to when they accept a job. Terms may include things like salary, benefits, retirement, company policies, termination, and non-compete agreements.