Does a company buying my employer have to honor our current employment agreement under IL employment and contract laws
I work for a very small doctor office and have for 3 years. Each year we sign a contract with the doctor that outlines our schedules, benefits, pay etc. Recently the doctor began negotiations to sell her practice to a hospital. Under the agreement work is to continue as normal etc, however I was notified that I would not be eligible to receive benefits until i worked for the hospital for 1 year. Basically the only visible change is that our paychecks will come from a new company.
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