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Garnishment
Wage garnishment refers to the legal withholding of money from a paycheck. The funds withheld from an employee’s paycheck are distributed to another party, such as to pay off unpaid taxes, child support payments, defaulted student loans, alimony, and other monetary fines.
Garnishment involves three main parties: the creditor taking the money (the garnishor); the party receiving the funds (garnishee), the employee who has money withheld (the debtor). In order for garnishments to occur, an employer typically needs to receive a court order with instructions.
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Non-Disclosure Agreement
A non-disclosure agreement (or NDA) is a contract between a group or individual wanting to protect sensitive information and an individual or group with access to that information. Other terms include non-disclosure contract and confidential disclosure agreement. The document restricts what information can be shared with others. Examples of sensitive information that might be protected…
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A non-compete agreement is between an employer and an employee, requiring the latter to agree not to work for any competing organization during or after employment. Prohibited actions under such an agreement could include: Starting a new business in the same industry Taking another job Signing another contractor Working for a competing business Working within…
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