Pre-Partnership Employment Contract Greenfield Farms

In: English and Literature

Submitted By fortards
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PRE-PARTNERSHIP EMPLOYMENT CONTRACT GREENFIELD FARMS THIS PRE-PARTNERSHIP EMPLOYMENT AGREEMENT is made between Richard Greenfield of Greenfield Farms, the employer, and Steven Greenfield, the employee, for the operation of a 1500 acre field crop business in Anytown, Michigan. THE PURPOSE of the agreement is to establish a set of mutually agreed-upon employment conditions and compensation to assist the Greenfield family in evaluating the feasibility of Steven entering into a long-term partnership arrangement with Greenfield Farms after a three-year prepartnership employment arrangement. Richard Greenfield believes that Steven's experience, skill, personal goals, and technical proficiency will enhance Greenfield Farm's labor supply and management capabilities. He is pleased that his son, Steven, is considering the farming business as his profession. Steven Greenfield desires to enter the family business as an employee for a three-year period in order to learn more about the business and establish a working relationship with the employer and the business. He believes the business arrangement will provide an opportunity to decide whether he wants to become an owner, operator, and manager of a farm business as a future career. 1. Term. This Employment Contract begins on January 1, 199x and continues until December 31, 199x, unless terminated sooner by one of the parties. The contract will be evaluated at the end of each year and changes made in the terms that are agreed upon by the parties. Scope of Employment. (a) Steven agrees to accept the duties involved in operating a field crop business and supervision by Richard in the performance of the labor and management functions as assigned by the employer. These duties include, but are not limited to, preparation of the fields, planting, harvesting, marketing commodities, purchasing inputs, and maintenance of machinery. The…...

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