I just saw a friend at the bank who said her brother, age 60, just lost a job with a large southern title examination company where he had been doing real estate closings for years. No severance, nothing.
Can he easily find a job? I doubt it. Could he be hampered by a Non-Compete? Absolutely. Although they are rare in law, you see them at most corporations.
If you are facing a layoff, don’t assume your non-compete will be made void. Don’t assume it is unassignable. Don’t assume the company won’t come after you.
Try to get rid of it, before you leave.
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