"Non-compete"
-
It varies by state.
The story was that we used to try to get people up to the Bethesda, MD office to sign the non-compete contract because it wasn't very easy to enforce in Virginia.
For me this was 45 years ago, so I'm not current on this.
Currently three states — California, North Dakota and Oklahoma — prohibit the enforcement of non-compete agreements.
https://www.foxrothschild.com/publications/ftc-proposes-rule-to-ban-non-compete-clauses
-
Funny timing. My employer just sent out an updated NDA and noncompete which includes that the employee cannot work for up to 1 year after termination (at will or not) for companies that compete with them. I was talking to a colleague and we agreed this is pretty normal text in the IT contracting world, but also never enforced unless an employee does something really egregious in terms of competition that would warrant the legal attention of their previous employer.
-
This is where California shines. Short of you opening up a competing business close to your former employer, the state of California generally frown upon non-compete clauses in employment agreements. My Silicone Valley friends like to boast how easy it is to quit one company to take another job with another employer across the street in the same business.
-
This is where California shines. Short of you opening up a competing business close to your former employer, the state of California generally frown upon non-compete clauses in employment agreements. My Silicone Valley friends like to boast how easy it is to quit one company to take another job with another employer across the street in the same business.
-
On Wall Street they call it “gardening leave”, and it’s usually only a few months. The idea is if you’re working on particular deals they don’t want you to take that knowledge to a competitor. After a few months the deals are done or dissolved, so it’s never been that long. Most people I knew loved the enforced break, and new employers expected it.
-
This is where California shines. Short of you opening up a competing business close to your former employer, the state of California generally frown upon non-compete clauses in employment agreements. My Silicone Valley friends like to boast how easy it is to quit one company to take another job with another employer across the street in the same business.
-
Judge strikes down FTC ruling. Non-competes are back.
-
@89th said in "Non-compete":
Ugh! Hope my previous employer doesn't come after me
That's why I kept changing countries. Sharing my invaluable expertise with the world was far more important than the petty concerns of national and commercial tribalism. I am a martyr to knowledge!
