Employer demands a contract worker to return crypto payment after a 700 percent price surge.
Legal experts advise that the money should not be returned.
The recent crypto bull-run has generated controversy between an employer and employee over revisiting a canceled clause and taking undue advantage of a contract. According to the unidentified employee, he did business development work for the undisclosed tech company in the spring of 2020 as a contract worker.
The contract was meant to generate sales and it included a commission component. Some of the work included emailing people, generating proposals, cold calling, setting up meetings, and leading pitches to generate revenue. For all these, he agreed to bill hourly. As a startup, the company is yet to make its first revenue in sales.
Before the execution of the job, the CEO of the company stated emphatically that payment would be made in crypto. However, a clause was reserved in the contract that indicated that the company may e
