Document background
The Assignment Of Employment Agreement is a crucial document used in Canadian business transactions where an employee's contract needs to be transferred from one employer to another. This typically occurs during corporate reorganizations, mergers and acquisitions, or business sales. The document ensures compliance with Canadian federal and provincial employment laws, including the Canada Labour Code and relevant Provincial Employment Standards Acts. It covers essential elements such as the transfer of employment terms, benefits, seniority rights, and obligations, while providing clarity on the roles and responsibilities of all parties involved. The agreement is designed to protect both employer and employee interests during the transition, addressing potential issues such as continuity of service, preservation of benefits, and outstanding obligations.
