Should You Sign a Non-Compete Agreement?

contract signing

In some occupations, such as technology and sales-oriented occupations, non-compete agreements are common. In essence, the employer is requiring you to promise that if you leave the company, you will not hire on with a competitor within a certain period of time. (Some are not so much time as distance focused. For example, it may say that you will not work with a competitor within a fifty mile radius of your current employer.) However they word it, the purpose is to keep you from taking ideas, sales leads, and clients to a competitor. They hope that by the time you’re allowed to work again that those things will no longer be relevant. It also keeps competitors from poaching each others

...

[Continue Reading at SavingAdvice.com]

This entry was posted in Making Money, Personal Finance, Work and tagged , , , , , , , . Bookmark the permalink.

2 Responses to Should You Sign a Non-Compete Agreement?

  1. Pam says:

    I would never consider a Non-Compete Agreement. Its just a huge loss on your side.

  2. Smilernice says:

    I signed one once( as a stylist) when I was very young and living in a very small town. It stated I couldn’t work within 15 miles for a year after I quit. I would never sign one again! I had to go quite far when I outgrew the salon.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>