HOW TO REVOKE AN EMPLOYMENT AGREEMENT
The following inquiry lead someone to our blog this week:
“How long do I have to cancel my employment agreement?”
I was surprised by the inquiry because it presupposes you have a right to cancel a contract you signed. I realized however, that most people operate on the incorrect assumption that employment agreements, specifically non-compete agreements, are not binding. This would lead to the natural conclusion that you can cancel them.
Sadly, in Virginia, they are OFTEN binding and there is no right of recession, revocation or cancellation.
Like any contract that is ongoing in nature, you may cancel the work, but still be bound by other terms. Yes you can quit, and thereby cancel your agreeing to be an employee, but the rest of the agreement remains in effect.
So, before you sign one, find out what it means. Should you sign it? Can you change it?