If you’re considering signing a non-competition agreement with your employer, it’s important to understand what you’re agreeing to and how it could impact your career. Here’s what you need to know before signing:
What is a Non-Competition Agreement?
A non-competition agreement is a contract that prohibits an employee from working for a competitor of their current employer for a certain period of time after leaving the company. The purpose of these agreements is to protect an employer’s confidential information and trade secrets, as well as their client base.
Key Considerations Before Signing
Before signing a non-competition agreement, it’s important to consider the following:
Scope: Make sure you understand the scope of the agreement, including the prohibited activities, geographic restrictions, and duration.
Impact on Future Employment: Consider how the non-competition agreement could impact your ability to find work in your industry if you leave your current employer. Will the restrictions in the agreement limit your options for future employment?
Compensation: Is the compensation offered in exchange for signing the agreement fair and reasonable? Is it worth giving up your ability to work for a competitor?
Legal Advice: It’s always a good idea to have an attorney review the agreement before signing to ensure that your rights are protected and the terms are fair.
Why You Need a Lawyer
Navigating the legal implications of a non-competition agreement can be complex. An experienced attorney, such as Strianese Huckert, LLP, can help you understand the terms of the agreement, advise you on your rights and obligations, and negotiate terms that are fair and reasonable.
Enforcing Non-Competition Agreements
If you’ve already signed a non-competition agreement and are now facing restrictions on your ability to work in your industry, it’s important to understand your options. An attorney can help you determine whether the agreement is enforceable, and if so, whether the restrictions are reasonable.
In some cases, non-competition agreements may be found to be overly broad or in violation of state laws. An attorney can help you navigate these complex legal issues and protect your rights.
In Conclusion
Before signing a non-competition agreement, it’s important to carefully consider the terms and potential impact on your career. Working with an experienced attorney, such as Strianese Huckert, LLP, can help you understand your rights and negotiate fair terms. If you’re already bound by a non-competition agreement, an attorney can help you navigate the legal complexities and protect your rights.