Do Most Pharmaceutical Reps Have to Sign a Contract?

Pharmaceutical representatives market the latest advances in the health care industry. Often, they are privy to information that is sensitive intellectual property and signing a contract is often required for these representatives. Protecting their valuable findings in research trials is a must for any major pharmaceutical organization.

Significance

• A contract is a legally binding document that outlines the responsibilities between the two parties. The contract controls the legal basics of the relationship. For an employee working in the pharmaceutical industry, it informs you of your obligations when protecting information within the company. For an employer, it protects valuable information related to new-to-market pharmaceuticals and existing products.

Benefits

• The benefit of having a contract is that you know the length of your term of employment. You also have, in writing, the details of your salary, related benefits and any terms and conditions related to bonus incentives.

Considerations

• If you are signing a contract related to employment as a pharmaceutical representative, carefully review the terms and conditions. Ensure that if you lose your position, due to downsizing or changes in market conditions, that your contract does not prevent you from seeking other employment in the pharmaceutical industry. Contract stipulations may prevent you from seeking employment with competitors.