WOT: Non-Compete Agreement, what to do?, I'm inclined not to sign it Options

[914rrr]

Figures. After only 5 months on the job, the company I work for has been sold as of this afternoon. Ex- employer is asking me to sign a termination agreement.

New employer wants me to sign a non-compete (among other things). I really don't want to, as it is too vague, WAY too broad reaching and there are no geographic limitations (world wide). I didn't sign one with the ex-employer since they didn't ask for one. New employer also has not extended any employment offer what so-ever. I was told the new owner is 'working on it'. Yeah, right. (IMG:style_emoticons/default/dry.gif) Kinda sounds like "...I'll only leave it in for a minute, baby..." (IMG:style_emoticons/default/sheeplove.gif)

What would YOU do?

[flesburg]

Ex-employer wants a termination agreement?? sorry, but what are they offering in exchange? Must be something, or they expect you to agree to be terminated? Does not make sense?

New "owner" of the company wants you to sign a non-compete? In exchange for what? They generally offer you something in exchange, so is it you will not be terminated but get to keep your job? For how long and etc, and how long do you have to agree to "non-compete"?

No one can make you sign away your ability to make a living, that will not hold up in court, but you may need a Lawyer to defend yourself. Can you afford that?

Have you seen a lawyer? Have one read the agreements for you. Probably cost a couple hundred. Might be the best money you ever spent. I have refused to sign non-compete agreements in the past, even with threats of termination. I "bought enough time" to find another job. Be careful what you sign.

[914rrr]

Ex-employer wants a termination agreement?? sorry, but what are they offering in exchange? Must be something, or they expect you to agree to be terminated? Does not make sense?

New "owner" of the company wants you to sign a non-compete? In exchange for what? They generally offer you something in exchange, so is it you will not be terminated but get to keep your job? For how long and etc, and how long do you have to agree to "non-compete"?

No one can make you sign away your ability to make a living, that will not hold up in court, but you may need a Lawyer to defend yourself. Can you afford that?

Have you seen a lawyer? Have one read the agreements for you. Probably cost a couple hundred. Might be the best money you ever spent. I have refused to sign non-compete agreements in the past, even with threats of termination. I "bought enough time" to find another job. Be careful what you sign.

Thanks for the reply. Employment attorney my wife had once said not to sign non-competes, no matter what.

All the online stuff points that way as well. Bitch is, I really like this job!!!