Noncompete agreements or clauses are often part of an employment contract. As with any contract, you should review its meaning and potential impact on your future career with an attorney before signing anything.
Companies generally use noncompete agreements to prevent employees from leaving the company and immediately taking their experience and knowledge to a competitor. However, a company cannot restrict your right to work by imposing contract terms that are too broad in scope.
Noncompete agreements often last for a term of 30 to 90 days following separation from the company, but they can last for longer. For example, if an employee takes early retirement and signs a long-term noncompete.
Violating the terms of a noncompete agreement can subject you to substantial financial and other penalties. This is why it is important to fully understand the scope of the agreement you sign.
Are you ready to negotiate your employment contract or do you have questions regarding a severance agreement that was presented to you?
Call James Shoemaker today at 757-223-4580 for your consultation with an experienced employment contract attorney. Mr. Shoemaker can help you understand your legal rights and the impact of your employment contract.
Located in Newport News, Mr. Shoemaker serves clients throughout the Virginia, Virginia Beach, and Washington, DC, area.