A Private-Sector Employee Can Avoid At-Will Status by Negotiating a Contract

question 10

True/False

A private-sector employee can avoid at-will status by negotiating a contract that provides for a specific term of employment and defines how the contract can be terminated.

---

Definitions:

Lease

A contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset for a specified period of time.

Financial Lease

A lease agreement where the lessee assumes some of the risks and benefits of ownership.

Sale and Leaseback

A financial transaction where an entity sells an asset and then leases it back from the buyer, typically to free up capital while retaining asset use.

Lessor

The owner of an asset that leases it to another party, known as the lessee, in exchange for periodic rental payments.