Non-compete agreements have become increasingly common in recent years as employers seek to protect their trade secrets and confidential information.
Non-compete agreements typically prohibit employees from working in a particular industry or geographic region for a specific time period. These agreements can be beneficial to both employers and employees as they help maintain a competitive edge while providing job security.
However, non-competes can also be a source of contention between employers and employees, so it is important to understand when they should be used and how they work. While these agreements are usually enforceable, a careful examination of all circumstances is necessary.
Severance agreements are typically entered into when employment is terminated for any reason other than the employee's fault, including layoffs or job elimination. They often provide additional compensation in exchange for the employee agreeing not to compete with the employer. They may also contain provisions that protect confidential information and trade secrets as well as other protections such as a release of claims against the employer. These agreements are often an important tool for employers in protecting their interests, but they can also be unfair or overly restrictive for employees who simply want to move on with their lives.
Get Professional Advice on Non-Competes and Severance Agreements
Comprehensive Review of Agreements
At Dooley Gembala, we offer consultations to review non-compete and severance agreements. Our experienced attorneys will provide you with a comprehensive review of these agreements, making sure you understand your rights and the implications of signing them. With our help, you'll feel confident that you understand the agreement you're signing.
Expert Advice and Guidance
We offer more than just a review of your agreement. Our attorneys will provide you with expert advice and guidance on what to expect as you move forward with your negotiations. We'll make sure you understand your rights, so you know exactly what you're getting into before signing the agreement.
Cost-Effective Solutions
If your employer is threatening to take legal action against you regarding a non-compete, our lawyers may be able to resolve these issues for a fraction of the cost of litigation. We offer cost-effective solutions that will help you protect yourself and your rights. With our assistance, you can rest assured that you're making the right decisions for yourself and your future.
Frequently Asked Questions
What is the difference between a non-compete and a severance agreement?
A non-compete agreement typically prohibits an employee from working in a particular industry or geographic region for a specific time period. A severance agreement, on the other hand, is usually used to help employees transition between jobs and often includes a release of claims against the employer.
What happens if I sign an agreement without legal counsel?
If you sign an agreement without consulting a lawyer, you may not be aware of all the potential implications. This can have serious consequences, as you could end up forfeiting important rights or unknowingly violating the terms of the agreement. It's always best to consult with an experienced attorney before signing any type of agreement.
What should I do if I have been given a severance agreement or non-compete?
If you have been offered a severance agreement or non-compete, contact the attorneys and counselors at Dooley Gembala. Our team of experienced lawyers can provide you with personalized advice and guidance that will help protect your rights. Contact us today to get started by calling (440) 930-4001 or visiting us at 5455 Detroit Road, Sheffield Village, Ohio 44054.
Dooley Gembala is among the top-rated law firms in the Lorain County area. From corporate litigation to family disputes, there is a specialized attorney at Dooley Gembala who can tend to your legal needs. With more than 30 practice areas, clients can rest assured that the attorneys at Dooley Gembala have the expertise and experience needed for successful outcomes. Schedule your consultation online here or give us a call at (440) 930-4001. Our friendly and knowledgeable staff is ready to assist you! We look forward to hearing from you soon.