3 year contract, 30 days without cause termination both sides
I was given an offer with a contract for 3 years for the term, but I think it also says I can leave for they can fire me without cause on 30 days notice. How long is my contract actually for? Can I bank on the 3 years?
Sort of. Without seeing it, and you should send it over, sounds like you have a 30 day contract as far as security goes. You can walk and they can push you out, no questions asked by either party, on 30 days notice. I'm also guessing that notice can be accelerated if they pay you out for the 30 days - I'd have to check the language on that, and at what rate they might pay. 30 days is short notice. Usually I see 60 or 90.
I say "sort of" because the offer / guaranty with a 3 year term speaks to other commitments in the agreement beyond guaranteed employment. The 3 year term will apply to compensation, including benefits offered, schedule, services, etc. So long as the agreement is not terminated by either party, the employer is telling you their obligation to you and your commitment to them for the next 3 years are the terms laid out in that agreement. So, even though it may say 30 days, and I agree you are not guaranteed the 3 years, if you do stay the 3 years, what you get is what you got in the agreement. 1. Make sure you understand the agreement. 2. Make sure you are comfortable with the agreement. To have it reviewed, email it to me and I'll be able to estimate how long it will take.
For residents and fellows, most of you know we cap the review / assessment (not negotiation) at $500 (applies to residents/fellows only).