Non compete contracts : Non compete contracts
What is a non compete contract : What is a non compete contract A non compete contract is a contract that limits the employment you can seek after leaving your current company.
Who uses them : Who uses them Are non compete limited to a field or rank
Do only big companies use non competes
Law : Law Rule of Reasonableness: The employer has to prove the contract is reasonable
Independent Consideration: In some states non compete contracts are not valid in less the employee receives a perk for signing it
Duration: contracts must have a reasonable duration
Law : Law Distance: A non compete must have reasonable distance
Blue Pencil Rule: If a court thinks a contract is to restrictive they can restructure it before making a decision
New Employer Liability: Companies can sue your new employer for hiring you if you have a non compete contract
What gives them the right : What gives them the right Customer base
Privileged information
Time and money invest into a employee
Is it ethical? : Is it ethical? A lot of non compete contracts are not ethical
Companies will stretch the contract beyond the limits of the law & ethics
Should I sign a non compete? : Should I sign a non compete? Some companies make it mandatory
You can usually negotiate a bonus
Read it carefully
If you don’t know the law research it! A contract may not be valid even if you sign it.
Is there anyway out : Is there anyway out Written consent
Know the law
Survivability clause
What are the repercussions if I brake my contract : What are the repercussions if I brake my contract Your money
Your credit
Your new employers money
Conclusion : Conclusion A necessary evil