Consideration: (which we already have) access to trade secrets, customers, data, and good will.
I have worked for my company for 8 years. Now, they want me to sign a non-compete agreement? Is this agreement enforceable? Should I negotiate?
1 answer | asked Aug 11, 2004 3:03 PM [EST] | applies to Illinois
Answers (1)
Consideration: (which we already have) access to trade secrets, customers, data, and good will.
The fact that you have worked for the company for 8 years does not make a non-compete agreement that you sign now unenforceable if you sign it. Nonetheless, non-compete agreements have to be pretty narrowly tailored as a general rule or they will not be enforceable. Negotiating a non-compete agreement is a good idea if you can do it (we have done many) but in the end, because employment is at will and you can be fired any time for any reason or no reason at all, an employer can terminate your employment for refusal to sign a non-compete agreement. You should probably review the agreement and your specific concerns with us or one of the other fine employment lawyers on this site.
Aaron Maduff
posted by Aaron Maduff | Aug 12, 2004 08:40 AM [EST]
The fact that you have worked for the company for 8 years does not make a non-compete agreement that you sign now unenforceable if you sign it. Nonetheless, non-compete agreements have to be pretty narrowly tailored as a general rule or they will not be enforceable. Negotiating a non-compete agreement is a good idea if you can do it (we have done many) but in the end, because employment is at will and you can be fired any time for any reason or no reason at all, an employer can terminate your employment for refusal to sign a non-compete agreement. You should probably review the agreement and your specific concerns with us or one of the other fine employment lawyers on this site.
Aaron Maduff
posted by Aaron Maduff | Aug 12, 2004 08:40 AM [EST]
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