Monday, June 1, 2009

Don't sign away your future with a noncompete agreement

From Computerworld, June 1, 2009...

Can signing a standard workplace document derail your career plans? Yes, says Jerry Luftman, executive director of graduate IS programs at Stevens Institute of Technology in Hoboken, N.J. He says a former student almost lost out on a big break because he'd signed a noncompete agreement, a contract that prohibits employees from doing certain work for a set period of time following the end of their current job.

The former student had been an IT manager at a Fortune 500 company but didn't feel that he was moving up fast enough. So he accepted a higher position at another big company. But when he gave his notice, his original employer threatened to go to court to enforce the noncompete agreement he had signed when he first took the job.


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