Re:Massachusetts Governor Announces Plan to Abolish Noncompetes
by tptacek on Thursday April 10, 2014 @10:39AM
(#7566473)
It's worth knowing, maybe just because it's interesting, than even if pro-forma employee noncompetes are unenforceable, that doesn't mean all of them are. Get acquired sometime. Those noncompetes are binding, even in California.
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Re:Massachusetts Governor Announces Plan to Abolish Noncompetes
by gamblor956 on Thursday April 10, 2014 @04:50PM
(#7569611)
California provides an exception to the non-compete prohibition which applies to owners. The theory is that someone in the position of meaningfully owning a company is in the position to compete with that company.
Generally, that means someone who owns a significant amount of the company (on a facts-and-circumstances basis) so just owning some stock or options in a startup isn't enough.
Re:Massachusetts Governor Announces Plan to Abolish Noncompetes
by ScottBurson on Thursday April 10, 2014 @01:14PM
(#7567995)
You mean "get acquired" as an owner, or as an employee? I've been through two acquisitions as an employee and don't recall anything special in the way of non-compete agreements.
Re:Massachusetts Governor Announces Plan to Abolish Noncompetes
by tptacek on Thursday April 10, 2014 @01:30PM
(#7568139)
Mostly owner, although depending on the grants and the terms of your acceleration, maybe? employee too?
The issue as I understand it is "consideration", beyond simple wages for employment.