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controlling where an employee may next work

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bkrsusan

Guest
I signed a letter of understanding with my employer. (A NY stock exchange company owns my company). It stated that I am not allowed for a period ot three years to accept employment by a specific competitor, which happens to be a national franchise operator with whom we were associated in the past.

I am not a partner in my company, nor an officer. I hold no stock in my company and get paid a weekly salary. I have an opportunity to advance in the other company and I ask if my present employer can enforce the restriction I originally agreed to.

I reside in the state of Florida
 


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buddy2bear

Guest
You signed a dedicated Non-Compete Agreement. However, three years is an excessive amount of time. You should have an employment attorney look it over and get his/her opinion. Also, most stock brokerages have arbitration clauses in their agreements which preclude you from suing them in a state or federal court. However, again, sometimes these arbitration clauses have been set aside and there is ongoing "discussion" of them being illegal to begin with. It just depends on the jurisdictional circuit in which you are located. See a labor & employment attorney first before you do anything.
 

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