NON COMPETE BUY OUTS

NON COMPETE BUY OUTS

NON COMPETE BUY OUTS 150 150 Lauren Ellerman

The average attorney that represents corporations in Virginia, probably charges at LEAST $150 an hour.

So in order for your ex-employer to file a Complaint to either prevent you from working elsewhere, or alleging breach of contract, you can count on at least $2000 in legal fees. Add in meetings, discussions, legal research, and your old employer is looking at around $5000 just to file the lawsuit. All the way to trial, I think around $20,000 or MORE is likely.

Want to save everyone the time and money. Many employees will offer cash settlements or buyouts on their non-competes.

Sometimes this saves everyone time and money — so think about it! I know you may not want to give that jerk a dime (the “principle” of it) – but sometimes a good business decision is better for everyone.

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Lauren Ellerman

Since 2020, Lauren Ellerman has been named top 100 lawyers in Virginia and top 50 female lawyers by Superlawyer. To speak with Lauren, email her at lellerman@frithlawfirm.com.

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