You can find plenty of press coverage about why non-competes ostensibly thwart recruiting top talent to start-ups. What you don’t hear about is how non-competes ultimately help new and established companies alike to retain the talent they’ve invested in, further nurtured and who have become star employees due to their rewarding tenure and success. How can today’s start-ups hope to mature into successful firms if their top performers are easily poached?
Non-competition Agreements
Non-compete buried within NDA
As a consultant in optical design, I see numerous contracts every year. There are now terms of non-compete buried within simply NDAs which are required for initial discussions. Such tactics seek a commitment without consideration. I reject such NDAs by requesting compensation for my commitment during a term of service. Historically, my rejection of commitment …
Non-competition agreements should be banned.
Industry representatives claim that non-competition agreements are necessary for companies to protect their intellectual property, more specifically to protect their “trade secrets.” On the contrary, a non-competition (N-C) agreement is the wrong tool for protecting confidential intellectual property (IP). The primary effect of N-C agreements is to suppress competition in the labor market and N-C agreements are unethical.
hightech
this proposed law would now be watered down to the point that it will have little impact over its current misuse. With no protection for those making over $100K, mid level managment and design staff is stuck with the same restraint of trade.
Non-compete draft language
Representative Ehrlich agreement and I have reached agreement on a draft that we both feel currently feel comfortable with. We look forward to further vetting and input. Formal hearings will occur in the Fall.
re: Non compete legislation
In my case, I was/am a sales rep, not a high level mgr. I was recently terminated “without cause” by my employer and even though I was offered a great position with another company I cannot accept the postion as my previous employer has told me they would seek an injunction against me and file …