3 ms·

> and I look forward to being paid millions of dollars to sit on my ass for a couple of years if/when I eventually leave. Executive level employment contracts

• 6502nerdface 4y ago
  Well, I guess all I mean to highlight is that a blanket ban might be sub-optimal versus requiring some minimum bar of fairness and consideration of noncompetes. After all, if the situation outlined above seems fair to us, then I feel like we'd have to concede that it would also be fair for the "average worker" if only such workers got similar terms (not necessarily millions of dollars, but commensurate with their normal pay) and had some negotiating leverage going into the agreement. There is already plenty of precedent for overly lopsided/one-sided contracts not being valid/enforceable (and indeed many noncompetes actually aren't valid for exactly that reason), so I would have no problem with a law that makes the standard explicit, rather than relying on litigation and jurisdictionally variable case law to sort it out as happens today. Compared to a blanket ban, requiring employers to pony up some "fair" cost and to weigh that against the benefits to them of a noncompete may actually be better for workers overall.
  • cj 4y ago
    Even if there were a blanket ban, I think corporate lawyers would quickly find ways around it for special cases (e.g. VPs, c-level, etc). For example, you could ban blanket non-competes but not ban non-competes where very strict criteria are met, or having an exec agree to pay a [an insanely large penalty] if they choose to go work for a competitor.