Fix code in the Free Non-Compete Agreement

Aug 6th, 2022
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How to fix code in the Free Non-Compete Agreement

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do not sign a non-compete [Music] [Applause] [Music] hi again everyone it is chuck with bmac and it is time for another chuck chat and its been a little while so i figured itd be a great opportunity to kick off the fall season by talking to all of the college students who are out there right now and really playing a game of chess and moving their pieces to get yourself set for for moving out into the professional world and for those of you that might be looking into a position with a freight brokerage like us here at bmac i need you guys to really think about something and be very strategic about the companies that youre talking to and one of the biggest pieces of advice i can offer is do not sign a non-compete if you take a look at our industry and you just simply search those companies that are making their employees right out of college synon competes theres a lot and i want to encourage every one of you not to do that if you were to come on board to bmac you would not sign a no

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Non-compete agreements are typically considered enforceable if they: Have reasonable time restrictions (generally less than one year) Are limited to a certain geographic area (specific cities or counties, rather than entire states)
What Goes Into an Enforceable Non-Competition Agreement? Protecting a legitimate business interest. The agreement should clearly state what the company is trying to protect. Limited in scope. Prohibitions on geographic areas or other companies must be reasonable. Limited in duration. Supported by valid consideration.
The agreement must be reasonable in terms of scope, geography, and time. Courts must weigh whether or not a non-compete agreement is reasonable in its duration and scope in cases where legal action is initiated.
An employer can monitor your electronic activity on your company owned devices. If youre Googling job opportunities at competing companies or setting up interviews via email, your employer may be able to use this information as proof that you violated your non-compete agreement.
Employee agrees that for [months/years] after Employee is no longer employed by the Company, Employee will not directly or indirectly solicit, agree to perform or perform services of any type that the Company can render (Services) for any person or entity who paid or engaged the Company for Services, or who
Consideration: Non-compete agreements must be supported by valid consideration, which means that the employee must receive something of value in exchange for agreeing to the restrictions. For example, the offer of initial employment, a promotion, or additional compensation may serve as valid consideration.
A covenant not to compete has three elements: (1) a limitation on the work that may be pursued by the employee, (2) a definite time, and (3) a definite geographical area. The time and geographical restrictions are usually straightforward; the limitation on work is a little more complex.
Consideration: Non-compete agreements must be supported by valid consideration, which means that the employee must receive something of value in exchange for agreeing to the restrictions.

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