Worried about a non-compete clause?
Having second thoughts about leaving your company, and concerned about the document you signed regarding competition, and how it could affect you?
On the first day of your employment, you probably signed a lot of documents, and one in particular could cause some headache if you leave your company. This article will talk about the definition of a compete clause, and will provide some advice from an online news source.
This type of clause deals with how one can leave a company, and how to deal with directly competing with that company. You can read the full description on Wikipedia here. To summarize, if your employer sells hockey sticks, and you quit and start a company that sells hockey sticks, then this would cause a problem for the previous company. There would be concern regarding stealing customers, using information obtained from the previous company that could aid in your endeavour, or other issues that could affect the previous company’s revenues.
Legal issues
So what happens if you leave a company, and decide to work in the same field? Here is an article from the Globe and Mail, which provides some details on this scenario, and feel free to read and determine the article’s worth.
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