THE VALUE OF AN EMPLOYMENT CONTRACT

Posted on July 26, 2019 by

It has just been reported that Chelsea’s 18 year old winger Callum Hudson-Odoi is close to agreeing a new Employment Contract at Chelsea which will be worth an eye watering £180,000.00 a week.

Clearly Mr Hudson-Odoi will be a very rich teenager and will earn substantially more than most of the young people of his age who are either starting University life or starting on a very low paid salary as an apprentice!

Allegedly several aspects of the new Contract have not yet been agreed, including bizarrely which shirt number he will wear, but also whether the deal is for four or five years.

These negotiations will be taking place as swiftly as possible as it is understood that he has less than a year left on his Contract.

It is therefore very important to have water tight solid Contracts in place, both with the suppliers and people you do business with, but likewise with any employees whether this be for a fixed term Contract, ie. for a set period of time as with footballers and other sports people, or a non fixed term Contract as in most other areas of employment where the rights and responsibilities of both the employee and employer should be clearly set out.

At Brearleys we have a number of lawyers who can assist in this regard both in the drafting of and checking of Contracts, most notably Ian Furness based at our Birstall Office who can be contacted on 01924 443900