What You Need to Know About Non-Compete Agreements in New York
As an executive in the business world, understanding non compete regulations is increasingly important2 min read
As an executive in the business world, understanding non compete regulations is increasingly important. Whether you are looking to join a new job, enter a partnership, or even start a new business, it’s essential to understand the ins and outs of non compete agreements in New York. In order to fully comprehend the scope of your options when negotiating non compete contracts, you’ll need to refer to a business lawyer with local experience. Here, we'll talk about what non compete contracts are, the importance of state laws for these contracts, and finding the right business attorney for your needs.
What Are Non Competes?
Non compete agreements, also known as restrictive covenants, are agreements between two parties that prevent one party from competing. Typically, the agreement is made between an employer and employee where the employee agrees not to compete with the employer in a certain market or industry while employed or after they leave the job. This agreement ensures that the employee won't use trade secrets or other confidential information they acquired while employed to start a company that competes with the employer's business or join companies that compete with the employer.
Importance of State Law Regarding Non Competes
As with many areas of the law, state laws regarding non compete agreements can vary significantly. Each state might view and interpret non compete agreements differently, so it's essential to retain legal advice from a business attorney with local experience. In New York, for example, non compete agreements are only permitted to be enforced when they have a reasonable time limit, geographic reach, and scope. When the agreement exceeds the scope of those three criteria and they are deemed unreasonable, they may be considered null and void. New York also gives judges wide discretion to determine whether to enforce a non compete agreement based on the specifics of the case. This can mean that the circumstances behind the enforcement may change from situation to situation, making it especially important to consult an attorney for your non compete needs.
Finding the Right Business Attorney
Finding the right business attorney to assist with non compete agreements is a crucial piece of the puzzle and it’s important to select a lawyer who understands the specific local regulations and will be a great fit for your organization. With the right counsel, you’ll be in a much better position to comprehend the complexity of the agreement and properly negotiate the terms.
To find a lawyer who is a good fit for you, you can browse profile pages of online lawyers with experience helping businesses with their specific non compete agreement needs. Look at the client ratings and reviews of the lawyers’ recent work, and get a better understanding of their legal style. UpCounsel is a great platform to utilize when seeking an attorney, as you’ll have access to high-quality attorneys for an on-demand experience. Whether you need a one-time consult or an entire freelance department, UpCounsel’s network of experienced lawyers has you covered.
By equipping yourself with the right legal counsel, you’ll be able to navigate the realm of non compete agreements in New York with confidence.
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