Officer's Obligation sans a non-compete
I was an officer of a small business. I resigned from the company. I did not have a non-compete agreement.
The owner of the company says that in Ohio, I cannot compete with him, simply due to being an officer.
I understand that I can not use trade secrets. Is he correct, that I am prohibited from working in the industry?
Thanks,
Mark
Answers (1)
Officer's obligation
An officer has fiduciary obligations to the company, but those obligations generally cease upon your resignation. Based upon the information you provided, I know of no reason why your employment is restricted.
Because of the threat made against you, you may want to be sure that you have a lawyer in your area to assist if the need arises. You may want to look for a small business lawyer, rather than an employment lawyer, it all depends upon who you feel comfortable with. Some attorneys do both business and employment law.
posted by Ann Lugbill | Mar 11, 2004 12:54 PM [EST]
An officer has fiduciary obligations to the company, but those obligations generally cease upon your resignation. Based upon the information you provided, I know of no reason why your employment is restricted.
Because of the threat made against you, you may want to be sure that you have a lawyer in your area to assist if the need arises. You may want to look for a small business lawyer, rather than an employment lawyer, it all depends upon who you feel comfortable with. Some attorneys do both business and employment law.
posted by Ann Lugbill | Mar 11, 2004 12:54 PM [EST]
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