The Ins and Outs of Non-Compete Agreements
According to a March, 2016, U.S. Department of the Treasury report, nearly 30 million workers are covered by a non-compete agreement.[i] These workers run the gamut from CEOs to sandwich makers.[ii] It is important for firms and individuals to understand the importance of these clauses and to enter into agreements knowing what is expected and required of them if the employee were ever to leave. Further, when an employee does leave, the new (hiring) employer, the employee, and the former employer all have important factors to consider.