Non-compete clauses: are they worth the paper they’re written on?

Non-compete clauses: are they worth the paper they’re written on?

2 Comments
  • Ken MacCoy, CHS 2014-11-26 2:31:21 PM
    A word to the wise: While a non-compete may be struck down by the courts; a non-solicit (i.e for 2 years) may come back to haunt you. also, if you don't have a non-compete, but have a fiduciary duty or obligation to your former company, it is imperative to seek legal advice. Three points to remember: (1) It is easy & inexpensive to launch a law-suit, but could be costly to defend; (2) Your former company likely has deeper financial pockets than you; and (3) always, always seek legal advice before making a move.
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  • Will Ashworth 2014-12-22 3:47:01 PM
    Hi Ken,

    Great points, all of them. Most importantly, advisors should seek legal advice before making any decision to move. Absolutely essential.
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