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MLitteer
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undefinedWhat is the name of your state?NY
Hi, I was recently TOLD that I gave my resignation to my employer. I am a satellite installation technician. I would like to stay in this profession, but I signed a no compete contract 2 months after i was hired. It reads:
EMPLOYEE NON-COMPETE AGREEMENT
For good consideration and as an inducement for_________________ (Company) to employ _________________________ (Employee), the undersigned Employee hereby agrees not to directly or indirectly compete with the business of the Company and its successors and assigns during the period of employment and for a period of __2___ years following termination of employment and notwithstanding the cause or reason for termination.
The term "not compete" as used herein shall mean that the Employee shall not own, manage, operate, consult or to be employed in a business substantially similar to, or competitive with, the present business of the Company or such other business activity in which the Company may substantially engage during the term of employment.
The Employee acknowledges that the Company shall or may in reliance of this agreement provide Employee access to trade secrets, customers and other confidential data and good will. Employee agrees to retain said information as confidential and not to use said information on his or her won behalf or disclose same to any third party.
This agreement shall be binding upon and inure to the benefit of the parties, their successors, assigns, and personal representatives.
Signed this _____ day of ________________________ 20____.
_______________________________________
Company
_______________________________________
Employee
This is an exact copy of the contract I signed (except) there is a Witness line. The witness line is signed, but the Company Representative line is not. Also the contract I signed says that if i am in breach of the contract that I have to pay the companys legal fees for bringing legal action against me. Is there any way I can get out of this contract so I can continue to provide for my family in my chosen profession?????
Hi, I was recently TOLD that I gave my resignation to my employer. I am a satellite installation technician. I would like to stay in this profession, but I signed a no compete contract 2 months after i was hired. It reads:
EMPLOYEE NON-COMPETE AGREEMENT
For good consideration and as an inducement for_________________ (Company) to employ _________________________ (Employee), the undersigned Employee hereby agrees not to directly or indirectly compete with the business of the Company and its successors and assigns during the period of employment and for a period of __2___ years following termination of employment and notwithstanding the cause or reason for termination.
The term "not compete" as used herein shall mean that the Employee shall not own, manage, operate, consult or to be employed in a business substantially similar to, or competitive with, the present business of the Company or such other business activity in which the Company may substantially engage during the term of employment.
The Employee acknowledges that the Company shall or may in reliance of this agreement provide Employee access to trade secrets, customers and other confidential data and good will. Employee agrees to retain said information as confidential and not to use said information on his or her won behalf or disclose same to any third party.
This agreement shall be binding upon and inure to the benefit of the parties, their successors, assigns, and personal representatives.
Signed this _____ day of ________________________ 20____.
_______________________________________
Company
_______________________________________
Employee
This is an exact copy of the contract I signed (except) there is a Witness line. The witness line is signed, but the Company Representative line is not. Also the contract I signed says that if i am in breach of the contract that I have to pay the companys legal fees for bringing legal action against me. Is there any way I can get out of this contract so I can continue to provide for my family in my chosen profession?????
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