NON-COMPETE AND RETIREMENT
WHEN I RETIRE WILL MY NON-COMPETE AGREEMENT BE VALID ANY LONGER?
2 answers | asked Aug 27, 2001 09:46 AM [EST] | applies to Illinois
Answers (2)
A non-compete may be valid after retirement.
It really depends on the language of the none compete agreement. An attorney would have to
review it to be certain. Usually, non-compete agreements are for a limited period of time from
the end of your employment. Regardless of whether your employment ends by retirement or by
some other means is not relevant unless the non-compete agreement says that it is relevant.
However, in limited cases the non-compete agreement may be invalid in any event. If you are
considering going into a business similar to what your employer does after you retire, I would
strongly urge you to review the agreement with an attorney. It is possible that your business
intentions do not violate the non-compete agreement in any event.
posted by Aaron Maduff | Aug 27, 2001 12:55 PM [EST]
It really depends on the language of the none compete agreement. An attorney would have to
review it to be certain. Usually, non-compete agreements are for a limited period of time from
the end of your employment. Regardless of whether your employment ends by retirement or by
some other means is not relevant unless the non-compete agreement says that it is relevant.
However, in limited cases the non-compete agreement may be invalid in any event. If you are
considering going into a business similar to what your employer does after you retire, I would
strongly urge you to review the agreement with an attorney. It is possible that your business
intentions do not violate the non-compete agreement in any event.
posted by Aaron Maduff | Aug 27, 2001 12:55 PM [EST]
A non-compete may be valid after retirement.
It really depends on the language of the none compete agreement. An attorney would have to review it to be certain. Usually, non-compete agreements are for a limited period of time from the end of your employment. Regardless of whether your employment ends by retirement or by some other means is not relevant unless the non-compete agreement says that it is relevant. However, in limited cases the non-compete agreement may be invalid in any event. If you are considering going into a business similar to what your employer does after you retire, I would strongly urge you to review the agreement with an attorney. It is possible that your business intentions do not violate the non-compete agreement in any event.
posted by Aaron Maduff | Aug 27, 2001 12:00 PM [EST]
It really depends on the language of the none compete agreement. An attorney would have to review it to be certain. Usually, non-compete agreements are for a limited period of time from the end of your employment. Regardless of whether your employment ends by retirement or by some other means is not relevant unless the non-compete agreement says that it is relevant. However, in limited cases the non-compete agreement may be invalid in any event. If you are considering going into a business similar to what your employer does after you retire, I would strongly urge you to review the agreement with an attorney. It is possible that your business intentions do not violate the non-compete agreement in any event.
posted by Aaron Maduff | Aug 27, 2001 12:00 PM [EST]
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