Non-compete problem
My company has been taken over and they are closing the New York office and moving select employees to Chicago. I am a VP of sales, but cannot go to Chicago because of elderly parents I must assist to take care of in the NY area among other reasons. I will receive a severance package, but I will likely be asked to sign a 1 year non-compete clause. I have worked in this industry and the same company for 37 years and at age 56 soon, I will not likely find work in another field. Keeping me out of work until I am 57 will make it more difficult to find a new job. Will the courts likely enforce this non-compete?
1 answer | asked Mar 2, 2007 8:51 PM [EST] | applies to New York
Answers (1)
Determining the likelihood that a court will enforce a noncompete agreement involves a fact-intensive inquiry which cannot be done based on the amount of info. in your question. In general, before you sign you have to assume that it will be enforced. However, noncompetes and other severance terms are usually very negotiable, particularly given your age and long tenure with the company. Feel free to contact me if you'd like to discuss further. www.merricklawfirm.com. --Mike Merrick
posted by Michael J. Merrick | Mar 3, 2007 2:07 PM [EST]
Answer This Question
Sign In to Answer this Question
Related Questions with Answers