BEACH READ ON NON-COMPETES
I just got back from a week away.. and it was lovely.
And I read books about how to be the best version of my self at work, home etc. Time off allows you to plan, think, dream and explore.
It occurred to me on my break, that many of my future clients may use a week away from the office for the same purpose and I wanted to plant a few seeds before you take that break to plan your next job, business, career or whatever you have on your mind.
1. DON’T IGNORE IT
If you have a non-compete, you need to review it and have it reviewed before you leap. The run and hide and hope they don’t find out method almost never works.
2. EVEN IF YOU DON’T HAVE A CONTRACT – be CONCERNED
You are not off the hook simply because you don’t have a written contract. You still have duties under Virginia law that prohibit you from contacting clients (trade secret, tortious interference, fiduciary duty) and taking certain action.
People assume that if no contract – they are free to act as they please.
They assume wrong.
3. WAIT TO PLAN YOUR NEW BUSINESS
I have never seen it work out when employees spend months on the company dime, while planning a competing business. Don’t do both at once.
Need more advice? Request our book. It is the perfect Summer Beach Read while you plan your next move!