Employee Issue:

Agreements

A new employee is often asked to sign a non competition agreement. These agreements are contracts between the employer and employee that state the employee cannot enter into a competing business for a certain amount of time after their employments ends. The agreement also allows protection for company secrets. For a non competition agreement to be legal and binding it has to protect the employer’s business interest; be supported by consideration (the employee must be giving something valuable in exchange); and be reasonable.