The FAQs About Non-Compete Agreements

The FAQs About Non-Compete Agreements

[tlt_accordion][tlt_accordion_item header=”What is a non-compete agreement?”]Non-compete agreements are common in many places of employment, and serve to prevent employees from engaging in a type of competing business for a specified period of time or within a specified geographic location.[/tlt_accordion_item] [tlt_accordion_item header=”If my employer wants me to sign a non-compete agreement, will I lose my job if I refuse?”]While you are not legally required to sign a non-compete agreement, you could be denied the job or fired from the job for refusing. Whether or not it is legal for your employer to fire you or deny to hire you because of your refusal to sign a non-compete agreement depends on the laws of that state and how reasonable the non-compete agreement is.[/tlt_accordion_item][tlt_accordion_item header=”Can I get out of a non-compete agreement after I have signed one?”]Being able to ‘get out’ of a non-compete agreement will depend on the laws of your state and the specifics of the case. While some states will rewrite parts of the agreement that are too limiting, other states may only support agreements that are very specific or ones that you were paid for signing the agreement.[/tlt_accordion_item][tlt_accordion_item header=”If a non-disclosure agreement would prevent me from working and earning a living, what can I do?”]Non-compete agreements are common in many places of employment, and serve to prevent employees from engaging in a type of competing business for a specified period of time or within a specified geographic location.[/tlt_accordion_item][tlt_accordion_item header=”What happens if I violate the terms of a non-compete agreement by going to work for a different company in the industry?”]Your old employer may do nothing, however, they could sue you and seek an injunction to stop you from working for the new employer, via a temporary restraining order (TRO). If the court finds in favor of your old employer you may not be able to work in that industry or geographic location for a court-established period of time, which could be years long.[/tlt_accordion_item][tlt_accordion_item header=”My employer has approached me about signing a non-compete agreement, what should I do?”]If you absolutely must sign a non-compete agreement, ensure that it is limited and specific in geography and duration and that the geographic scope and duration of the agreement is narrowly defined. Always, always, always have a lawyer look over any contract or agreement BEFORE you agree to sign. The best time to negotiate the terms of a non-compete are before you have signed it.[/tlt_accordion_item][/tlt_accordion]