Hi FBGLawyerguys,
Some thoughts/advice on the following situation.
--Wife is looking at new employment with a very large company
--They have verbally agreed on terms and part of those terms are specific about how much she is required to work. Specifically at a reduced FTE and a certain number of days off each month
--In particular, if something were to happen to her existing partner (illness, leaves, etc.), her workload could change dramatically so the agreement is mostly as a form of protection from that. It also allows her to work elsewhere during those days off and they are aware of this. That time needs to be protected.
--They are interested in hiring her and she would like to work there. Compensation and everything else is agreed upon.
--As they are a large company, my wife has been advised that they don't ever change their standard contract. They have provided her a Letter of Understanding with the agreed upon terms that are different (protected time off, stated reduced FTE, protection from increased work load in case of changes out of her control)
--Our attorney advised us pretty clearly that, in our jurisdiction, a Letter of Understanding is not enforceable. He submitted a redline contract that had an Exhibit added that included the agreed upon parts that were in the Letter of Understanding.
--She just heard back from the company that they want to make this work and will put the agreed upon terms into an Addendum but cannot go along with the Exhibit version as submitted.
So, right now we are waiting to get the new version with the addendum and then we will submit to our attorney to review. I'm posting here to just get a little understanding as well as a little peace of mind until we hear from them and can submit to our attorney which may be several days.
1) Is an addendum typically binding or enforceable?
2) Why would they choose to go with an addendum but not agree to adding an exhibit? Is there a distinction between the two? Is there something to be wary of as a result such as with the difference between a Letter of Understanding and the Exhibit additions that our attorney added (one not enforceable while the other is)? I know that this may vary depending on jurisdiction, but just in general.
3) Any other basic thoughts on the above, things to look out for or questions to ask our attorney?