February 23, 2023 By Benjamin Taylor
PGT Services Does Not Require Non-Compete
Internet searches of “How do I get around a non-compete” and “Cost of employment attorney for non-competes” are one of the rising topics in the last 10 years. Some non-competes last for one year while others may be valid for three years, but breaking a non-compete can result in fines up to $250,000. In specialized industries, it may make getting another job much more difficult.
Three main parts of a non-compete agreement are: Duration, Scope and Geography.
A non-compete agreement prohibits the employee from competing with the business directly or indirectly for a specific duration of time after employment has ended. They may attempt to prohibit the employee from things such as:
- Working for a competitor company or competing individual
- Starting a company that offers the same products or services
- Developing competing products or providing competing services
- Recruiting former colleagues to join their new business
- Trade secrets
- Confidential business or professional information
- Company relationships with specific
- Specialized training