A Brief Overview on Non-Compete Agreements
If you are looking to become employed by a company that holds trade secrets or other information that cannot be leaked to the general public, they may ask you to sign a non-compete agreement. Any Connecticut employment lawyer can go over the details of what this type of agreement. This ensures you have a sound understanding of what is being asked of you when looking for employment in Connecticut.
A noncompetition agreement is where you agree to not compete with a former employer for a reasonable amount of time and within an agreeable geographic limit. In other words, if you leave your employment and take away certain trade secrets, you agree to not use that information to then start a competing business next door or across the street.
Problems This May Cause
If you decide that you want to stay in the same field after leaving a job, this could present minor issues. For example, you may start out as an entry-level employee and move your way up the ladder, finding a better position elsewhere. In this situation, it may be in your best interest to consult with an attorney, as your employer may not release you from your non-compete agreement.
However, on the flip side, you may not be leaving your employment through any fault of your own. Perhaps the company is downsizing and needs to let you go. In this instance,
you may want to talk with your employer to see if they will release you from this agreement so that you have the ability to go find another job within that field.
No matter the reasons, it is best to talk with an experienced team such as the lawyers at Licari, Walsh & Sklaver, LLC.