7 Contracts & Exit plan
Contracts
Contract is an agreement, sets under our company’s confidentiality policy regarding the privacy and confidentiality of proprietary information.
Source: Meaning of Contract. Wikipedia. Retrieved from:
http://en.wikipedia.org/wiki/Contract
Security and Privacy
This policy prevent the employee's unauthorised use in customer lists, financial information, business plans related to our business. The purpose is to secure the above information to make employees learn confidential.
This agreement is ideal between admin and employees, in a small business company.
All Employee has to agreed with services and obligations which set by our company. They have to be responsible and show loyalty after signing this agreement.
Contract is an agreement, sets under our company’s confidentiality policy regarding the privacy and confidentiality of proprietary information.
Source: Meaning of Contract. Wikipedia. Retrieved from:
http://en.wikipedia.org/wiki/Contract
Security and Privacy
This policy prevent the employee's unauthorised use in customer lists, financial information, business plans related to our business. The purpose is to secure the above information to make employees learn confidential.
This agreement is ideal between admin and employees, in a small business company.
All Employee has to agreed with services and obligations which set by our company. They have to be responsible and show loyalty after signing this agreement.
Exit Plan
At the beginning of the years, our business focus more on marketing and sales, buts less on financial details.
To prevent the loss, we have to make sure we have an exit strategy, ensure the employee can get the money back.
Source: John, B. (June 2014). Building a business with an exit strategy. Retrieved from
http://www.growthbusiness.co.uk/growing-a-business/exit-strategies/2464877/building-a-business-with-an-exit-strategy.thtml
There are server options to the Exit Plan:
Liquidation
Liquidate our assets maybe a choice. When a company liquidates, it marks down the prices of its inventory to sell it quickly. Any proceeds are used to pay off creditors, and then to any shareholders you may have.
Friendly Sale
The business owner may choose to sell his business when retiring or unable to run the company anymore. He can sell his business. The seller must take comfort in knowing the old venture and operation when he take over.
Source: Joseph, C. Example of Business Exit Strategies (Demand Media). Retrieved from
http://smallbusiness.chron.com/examples-business-exit-strategies-69.html
ToolKit: Plan, Launch and Build Confidentiality Agreement with Employees. Retrieved from
http://www.bloomberg.com/small-business/business-forms/confidentiality-agreement-with-employees