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Many American workers are increasingly being asked to sign non-compete agreements, which can restrict their ability to work for competitors or start their own businesses. A survey indicates that around 20% of workers, spanning various job levels, have signed such agreements. Employers favor non-competes to protect company knowledge and counteract the mobility of skills due to job hopping. However, these agreements can also intimidate employees and potentially stifle innovation. Regardless of the reason for signing, workers should be aware of five essential steps to take before and after agreeing to a non-compete.
