When does an employee sign a non-compete agreement?
A Non-compete agreement is a contract between an employer and employee where the employee agrees not to work for competitors of the employer for a certain amount of time after the employee leaves.
Is your non-compete agreement enforceable in California?
Non-Compete Agreements Are Often Restricted or Unenforceable Because non-compete agreements are so restrictive, they are often restricted or not enforceable. In California, non-competes are effectively illegal unless you are selling a business. Other states will enforce some provisions,…
When to consult an attorney for a non-compete agreement?
Another time to consult an attorney: If you’re asked to sign a non-compete as a condition of getting severance when you’re being terminated. In fact, it’s useful to get legal advice before signing anything during a layoff or termination.
Can a non-compete agreement be enforced in Georgia?
Recently Georgia, which had traditionally been hostile to enforcing non-compete agreements, enacted legislation that expressly permits the enforcement of noncompete agreements under fairly broad circumstances.
When to sign a non-compete agreement with an employer?
Even if you’re not in the job market right now, you should pay attention to the growing pressure on employees to sign non-compete agreements . You might be confronted with a new non-compete form by your current employer when receiving a raise or promotion.
What are the pros and cons of a non compete agreement?
Non-compete agreements exist to protect the employer from competition and as such offer very few pros for the employee. For an employer, the pros include: Reduce employee turnover: If you’re an employee who’s signed a non-compete agreement, your ability to find a local job in the same field will be hindered.
Do you need a lawyer for a non-compete agreement?
The short answer is yes. The longer answer would depend on how reasonable the terms of the non-compete agreement are. Each case is different, and each state handles non-compete agreements differently, so seek legal counsel if you’re unsure.
What do you need to know about Non Solicitation Agreements?
A non-solicitation agreement prevents an employee from poaching customers, contracts or other employees from the company they are first hired by. A confidentiality agreement stops an employee from spreading information that the employer wants to keep private, such as product formulations, marketing plans, or other information.