Go Back   Hayabusa.oRg > Hayabusa Ride Faster > Random Thoughts


Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 01-24-2010, 03:41 PM
Over_Easy's Avatar
Personal Finance Guru

 
Join Date: Feb 2006
Location: L O' L, FLORIDA
Group: Donating Member
Posts: 5,036
Question Any Experience Fighting Non-Compete Agreement?

I am currently a contracted 1099, commission based only. But I am looking to go into the same business for myself by myself (initially) as I have learned more about the company and am not fond of their advancement requirements. In short they can hold you back as long as they wish even if you hit the necessary requirements allowing them to make more money from your efforts as opposed to advancing you. I can make almost twice as much being in business for myself.

I signed a Non-Compete Agreement which from my understanding are enforceable only if it protects legitimate business interests. The statute allowing non-compete agreements assumes that the following are legitimate business interests:

* Trade secrets;
* Valuable confidential business or professional information;
* Substantial relationships with specific prospective or existing customers, patients, or clients;
* Goodwill associated with an ongoing business or professional practice, by way of a trademark, geographic location or marketing/trade area;
* Extraordinary or specialized training.

However, what we do is common knowledge, there is no customer base as it is usually a one time transaction and I have received similar sales training for the past fifteen years prior to this. Anyone have experience fighting one of these?

______________________________________
It's from meeting new people and listening to new ideas that opportunities present themselves.

See how I help people by clicking below:
http://www.livingbalancesheet.net/fl...ies6_webhi.htm
Reply With Quote
  #2 (permalink)  
Old 01-24-2010, 05:00 PM
aussiekeeper's Avatar
Hayabusa Master

 
Join Date: Nov 2007
Location: San Diego
Group: Members
Posts: 1,820
Default Re: Any Experience Fighting Non-Compete Agreement?

It is to protect them from you being in competition with them, period. As it may not be spelled out in actual words, there is the "essence" of the contract. Meaning, anything that would interfere with their business form a former employee. It may not say it, but the lawyers will make you broke with paperwork and appearances. You may, however, relocate and pick-up new clients. But purge your list of clients on their list.
Reply With Quote
  #3 (permalink)  
Old 01-24-2010, 05:09 PM
Mr Bogus's Avatar
Trouble Makers Inc.



 
Join Date: Dec 2006
Group: Donating Member
Posts: 2,095
Blog Entries: 14
Default Re: Any Experience Fighting Non-Compete Agreement?

you wanna butt heads with a company that has a "no-compete" contract, you better have a deep pocket if they come after you...

You best get real legal counsel before you go throw yourself off the cliff... (this can be financial suicide if you ever need to go work for another company and they have a like contract and the find out about the last guy)..
Reply With Quote
  #4 (permalink)  
Old 01-24-2010, 05:55 PM
Dino's Avatar
VERITAS - AEQUITAS


 
Join Date: Jun 2007
Location: On the beach
Group: Donating Member
Posts: 5,640
Blog Entries: 4
Default Re: Any Experience Fighting Non-Compete Agreement?

There is really no way that anyone could give you better advice than to run it by a contract lawyer. You have not given us enough information.

______________________________________
Emancipate yourselves from mental slavery;
None but ourselves can free our minds.


Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Divorce Agreement Skywalker Random Thoughts 20 03-14-2009 06:51 AM
Pre-Booty agreement Devious Random Thoughts 11 10-05-2006 07:12 AM
Need agreement/advice on motor work est psycobusa General Bike Related Topics 1 05-13-2006 04:20 PM
Is the speed agreement gone? _ZeF General Bike Related Topics 30 12-07-2005 09:13 AM
ok, garage is compete now, 'busa has been ridden Houston_Rider General Bike Related Topics 5 03-09-2003 11:48 PM


All times are GMT -5. The time now is 02:56 AM.


(c) 1999-2010 Hayabusa Owners Group