This article summarizes important considerations that an employee or business must bear in mind before inadvertently or deliberately signing a non-compete agreement with an employer or business.
1) Am I signing a hidden non-compete agreement?
Employers will occasionally attempt to hide non-compete agreements inside employee contracts that contain an increase in salary, benefits, a severance package, or other consideration. The employer’s purpose in doing so may be to entice the employee into signing an agreement that includes a non-compete clause. Therefore, employees must think carefully before signing any document that even mentions the word “non-compete” because that document could have a drastic effect on their future employment opportunities.