Relocation agreement

[esselte]

What is the name of your state? NJ

I'm not sure if this is the most appropriate forum for this question, so my apologies in advance. Could a simple "relocation agreement" of the following language hold up as a legal, enforceable contract? (This is the text of the relocation agreement in its entirety).

Thanks
Mike
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RELOCATION AGREEMENT

Relocation benefits represent a significant investment on behalf of the Company. Therefore, should an employee voluntarily leave within 24 months following the conclusion of the relocation, he/she would be responsible for reimbursing the Company the cost of relocation according to the following schedule:

Within the first 12 months of the completed relocation, the employee will be responsible for 100% reimbursement of the associated cost.
Between 12 months and 24 months of the completed relocation, the employee will be responsible for 50% of the associated cost.
By signing below, such employee understands and agrees to the above stated reimbursement provisions.

Employee Name Employee Signature



_____________________
Date

______________________________________
Company Representative

 

[Beth3]

If you want specific legal advice, you're going to have to see an attorney.

What I can tell you though is that agreements involving repayment of relocation expenses should the newly hired employee leave voluntarily within "X" amount of time are quite common and the language you've posted above is very standard.