Nov 4, 2009
What is normal for a noncompete agreement?
Noncompete's chiefly vary in two respects, the duration of the limitation on competition and the scope of what is viewed as "competitive." Noncompetes generally prohibit competitive activities during the term of employment and for a period after termination of employment. The period following termination is commonly 1 to 2 years for routine financed technology companies; it is often longer in other contexts. The scope of competitive restrictions generally includes engaging in or assisting any enterprise that is competitive with your business, but scope is often negotiated and subject to variation. For example, scope might include businesses in which you have proposed to engage in but in which you are not actively engaged at the time the agreement is signed. Scope is also generally limited to activities in the geographic area in which you currently conduct, or have proposed to conduct, your business.
