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American workers increasingly face non-compete agreements that restrict their ability to work for competitors or start their own businesses, affecting not just top executives but around 20% of workers across various industries. Employers favor these agreements as job mobility can lead to the transfer of skills and knowledge, prompting companies to protect their interests. While intended to safeguard company information, these agreements may also deter employee movement and hinder innovation. Employees should be aware of five key actions to take before and after signing a non-compete agreement to navigate these situations effectively.
