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The General Counsel Employment Agreement is essential for organizations operating in Australia that require a senior legal officer to oversee their legal and compliance functions. This document is typically used when appointing a new General Counsel or updating terms for an existing one, ensuring alignment with Australian employment law, legal profession regulations, and corporate governance requirements. The agreement comprehensively covers professional duties, reporting relationships, compensation, benefits, and post-employment obligations specific to the General Counsel role. It's particularly important for establishing clear parameters around professional obligations, legal department leadership, and the General Counsel's role in corporate governance, while ensuring compliance with Australian regulatory requirements and industry standards.

1. Parties: Identification of the employer entity and the General Counsel

2. Background: Context of the appointment and brief description of the role

3. Definitions and Interpretation: Key terms used throughout the agreement and interpretation rules

4. Appointment and Term: Position title, commencement date, and term of employment (fixed or ongoing)

5. Duties and Responsibilities: Core duties as General Counsel, reporting relationships, and scope of authority

6. Professional Obligations: Maintenance of practicing certificate, professional standards, and ethical duties

7. Time Commitment: Working hours, availability requirements, and flexibility provisions

8. Remuneration: Base salary, review mechanisms, and payment arrangements

9. Benefits and Entitlements: Superannuation, leave entitlements, and other benefits

10. Expenses: Business expense reimbursement and professional membership fees

11. Confidential Information: Definition and protection of confidential information

12. Intellectual Property: Ownership and assignment of intellectual property created during employment

13. Conflicts of Interest: Obligations regarding conflicts and outside interests

14. Termination: Grounds for termination, notice periods, and payments on termination

15. Post-Employment Obligations: Restraints of trade and ongoing confidentiality obligations

16. General Provisions: Standard boilerplate clauses including governing law and entire agreement