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non compete contracts
Posted: June 5th, 2007, 7:00 pm
by mrchip
never mind its gone..just read an article in entrepreneur mag about it and after i posted url i went to make sure it was okay and it was gone..basically saying they wont hold up in court
Re: non compete contracts
Posted: June 6th, 2007, 4:11 am
by mafsu
As a general rule they won't hold up. The problem is the company you sign one with usually has more money than you and can drag it through court. I don't have personal experience with this, but i have seen PDR guys spend a lot of money fighting non-competes.
Re: non compete contracts
Posted: June 7th, 2007, 9:05 am
by Shepard
All my tech's have to sign one as well as a franchise agreement... I figure I will have a vioation at some point and will put about $5,000 into legal fees... as will they... not enough to win, but enough to keep future violators honest.
I wish handshakes were more valuable!
Re: non compete contracts
Posted: June 7th, 2007, 3:56 pm
by sydfloyd44
As I was told by an attorney.
Non-competes as we would be familiar with are designed to stop a person from being hired and trained with another companies time and money and just turning around and using it against them.
There does come a time when the trade becomes a persons profession and considered their means of living. That is the time that the non-compete will not hold water in court. When it changes from one to the other is what is up for interpretation and can only be answered by a judge or mediation board.
Re: non compete contracts
Posted: June 8th, 2007, 5:01 am
by Shepard
Good post sydfloyd! Thanks!
Re: non compete contracts
Posted: June 9th, 2007, 6:52 am
by johnnyone
I think it may be used as a scare tatic so you won't become another competitor.