Quote:
Originally Posted by kush
I heard a story of a guy who owned a pharmaceuticals company, who later sold out to another bigger company. The buying company made him sign a non-competitive agreement that he wouldn't start another pharma business for 10 years... and he didn't. But right after year 10 he turned right back around and made another successful business!
I feel like if I have them sign something reasonable like not using my techniques/methods for something like 5 years after their employment with me ends, then I'm at least minimizing the risk. Besides treating them well of course...
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Well a non compete only protects you from him not starting a like business. It doesn't stop you from losing your employee to go do something different. So you lose all that you have invested in him or her.
It also takes money to enforce a NC.
Not to mention that a lot of people won't sign one to begin with. (usually the smarter ones)
So non competes are not the answer to the problem IMO.
IMO there is no real answer. Some things are just the way they are. This has always been a problem, and always will be a problem.