Anatomy of a Non-Compete Agreement
We’ve shed some light on Non-Compete Agreements over the years and as the competitive landscape continues to rise we continue to receive inquiries from candidates who have signed or are required to sign for the next step(s) in their careers.
So, here are a few things that make up a Non-Compete Agreement:
Geographic Limitations
Your non-compete agreement can’t restrict you from working everywhere. Make sure you understand which marketing area or specific city limits that you are restricted to.
The “competition” side literally means “direct competition”
If your position means that you could be doing business that could affect your previous employer’s success, reach, or impact in a market, field, or business area, this is where your agreement spells out details. Have a position in selling shaving razors? You may be subject to not working for another direct competitor for a length of time — spelled out by the agreement.
Is the threat of litigation enforceable?
Yes. This is the sticking point most may not understand fully. If you violate the terms in your non-compete agreement, it could result in both parties being in court. Another reminder to understand the reach and limitations of what you’re signing.
Agreements are different in every state
Every state views them differently. Georgia, for instance? We’re an “at will” employment state. If your employer requires you to sign in order for you to keep your job — totally legal.
We’re constantly building out more information on this subject. Be sure to check out the other assets below to make sure you equipped with the knowledge you need when signing and moving on in your career.