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Executive non-compete agreements always include monetary compensation for the non-compete period. Peon (aka almost everyone reading HN) non-competes almost nev
by xenadu02 10y ago
Executive non-compete agreements always include monetary compensation for the non-compete period.
Peon (aka almost everyone reading HN) non-competes almost never include any kind of compensation. Companies rarely pay above-market rates or offer to pay anything during the non-compete period. They basically slip it into the employment agreement because they can.
What's good for the goose is good for the gander, don't you think? In the legal world it's called "consideration", as in courts often invalidate contractual provisions or whole contracts unless there is some kind of consideration, and especially when the balance of power is tilted.
- raverbashing 10y agoThis The only acceptable non-compete is where they pay you to not work for a competitor. This is how it works in banking