3 ms·
How does this work in practice? When you accept employment, you sign a non-compete which commences at the close of a future acquisition? I don't doubt that it's
by staticautomatic 7y ago
How does this work in practice? When you accept employment, you sign a non-compete which commences at the close of a future acquisition? I don't doubt that it's possible but I'm skeptical of the idea that a company can make a unilateral decision that's legally binding on you as an individual simply by virtue of the fact that you're a stock-holder. Has anyone here signed such an agreement? I'd be genuinely interested in reading the non-compete language.
- maccard 7y agoNo, when you're acquired as part of being acquired you sign a non-compete agreement. You're probably renegotiating salary/perks at that point so you'll likely be signing a new contract anyway.