At the same time, your employer might present you with an onerous non-compete agreement.
Janzen now runs Williams Communications, launched the day the non-compete agreement with WorldCom expired in 1998.
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In other states, continued at-will employment is sufficient consideration for executing a non-compete agreement.
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Can you make your employee non-compete agreement enforceable across all jurisdictions in the United States?
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They agreed to a non-compete agreement which prohibits them from working for a competing firm for one year.
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In some states such as Minnesota, existing employees must be given separate consideration in exchange for executing a non-compete agreement.
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In the meantime, the employee might file suit in his home state, seeking a declaration that his non-compete agreement is unenforceable.
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Two weeks ago, the estranged brothers called off their long-running feud and scrapped a contentious non-compete agreement, setting the stage for the revival of a potential transaction.
"I have understood that many people in Switzerland find the amount of the compensation linked to the non-compete agreement unreasonably high, despite the fact I had announced my intention to make the net amount available for philanthropic activities, " Mr Vasella said.
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Houston firm Quantlab Financial claims rival Tower Research Capital of New York intends to hire Yongzhong Xu until recently a Quantlab quantitative research scientist despite a non-compete agreement designed to prevent Xu from taking up with a Quantlab competitor.
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Profits-interest payouts will eventually cap out, so consider throwing in a non-compete clause or non-solicitation agreement for good measure.
The most state law will permit in the context of specific performance for a breach of a personal services agreement is the equivalent of a non-compete obligation.
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The merger agreement gives Olsson an uncommonly brief 18-month non-compete binder after the deal is done, which frees him to compete with United after that period.
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