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Article: Contractors debate the use of noncompete agreements. (Ask our consultants).
- Article from:
- Air Conditioning, Heating & Refrigeration News
- Article date:
- October 15, 2001
- Author:
CopyrightCOPYRIGHT 2001 BNP Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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You hear these stories all the time -- employees leave their place of work, hang up a shingle nearby, and start calling old customers in hopes of "stealing" accounts from their former employers. The scenario creates ill-will and often results in lawsuits.
The "dot-com" fallout provides some high-profile examples of workers who are finding it hard to re-enter the job market because of noncompete agreements they had signed as a condition of employment. Noncompete agreements restrict the ability of an employee to compete against his or her former employer upon termination of the employment relationship.
At one time, noncompete agreements for companies' top ...