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Austin Noncompete Agreement Lawyer

What Is A Noncompete Agreement?

A noncompete agreement is a document that states that any employee who is terminated by a company cannot join a competing company. These agreements are used for many purposes.

Noncompete agreements often go hand in hand with confidentiality agreements, which prohibit you from disclosing information and trade secrets that you obtained while working for a company.

Why Do Noncompete Agreements Exist?

This type of agreement may be used as a settlement for any employee who wishes to break a contract prematurely. While the employee is free to leave the company, he or she is not able to jump to a competing company for a certain amount of time. This ensures that the employer does not suffer from the move.

How Long Do They Last?

Noncompete agreements usually last for 30 to 90 days, but they can last for however long the two parties agree on. A long-term noncompete arrangement may be included in a retirement package for someone who wishes to retire early.

How Expansive Can Noncompete Agreements Be?

In general, the companies that an employee cannot go to must be stated explicitly. Aside from those companies, the employee is free to work for whoever he or she wants. This means that a dentist could go try out for a professional football team if he wanted to. However, he might not be able to go work for a rival dental practice.

What Happens If I Violate The Terms Of A Noncompete Agreement?

A noncompete agreement is a valid contract that can be enforced in court if needed. Therefore, take the agreement seriously. You could be subject to financial and criminal penalties if you break it.

Do I Need A Lawyer? Where I can Turn For Guidance?

If you find yourself subject to litigation of this nature or you need clarification regarding the validity and scope of a noncompete agreement, contact the Law Offices of Kell A. Simon at 512-898-9019. You will meet directly with attorney Kell Simon, who is certified as a labor and employment law specialist by the Texas Board of Legal Specialization, and will receive the information and custom-tailored advice you need to fully understand your present situation and future liabilities. I proudly represent clients in the Austin community, as well as other clients across the state.