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A training agreement is a written agreement between an employer and their employee setting out the conditions of any training the company pays for them to take. It will set out: how much the training costs. who is providing the training.

What Should be Included? Services (training routine) The trainer agrees to provide a service. ... Training Schedule. A schedule should be defined that mentions the length of each session (commonly 30-90 min) and when it will occur during the week. ... Fees. ... Term. ... Trainer's Obligations. ... Disclosure. ... Release of Liability (addendum)

Is it lawful? Yes - an employer can recover training costs/fees from an employee who leaves within a certain period of time provided that there is a clear provision in the contract of employment or in a separate written agreement where the employee has consented.

A personal trainer contract is a legally binding agreement between a personal trainer and their client. It details everything from the number of training sessions to cost, invoice dates, liabilities, and insurance obligations.

An irrevocable trust offers your assets the most protection from creditors and lawsuits. Assets in an irrevocable trust aren't considered personal property. This means they're not included when the IRS values your estate to determine if taxes are owed.

Disadvantages Of A Living Trust Depending on the number and type of assets involved, this might be quite expensive. A living trust also has ongoing costs to ensure compliance with laws. For example, the trustee will need to file a trust tax return annually on behalf of the trust.