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Author: PaulEngr Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 49426  
Subject: Yellow dog contracts (non-competes) Date: 12/12/2004 7:57 AM
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I was just reading through:

http://www.asktheheadhunter.com/crocs66nca.htm

Interesting, but misses the point. In virtually every state, non-compete agreements that have no penalty clause for the company are usually illegal at best. One of those things that I have signed which did have teeth went like this. I had to give them notice during the next 2 years after I left the company whenever I took a job with someone else. If they exercised the option to refuse to allow me to take the job, they had to pay whatever the OFFER was plus 50% until the end of the 2 year window. They also didn't exercise it very often.

A variation of this theme often gets played on visa-holders. They are informed that they must work for company X for a period of years or else pay some ridiculous amount of cash on the theory that company X put out a lot of money to sponsor their entry into this country. This may be true but it is literally a rehash of indentured servitude contracts of the 18th century that were outlawed in this country.
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