Pros and cons of Non-Compete Agreements

Business & Management
#1

Pros:

  1. Keep trade secrets and confidential information safe.
  2. Employees who sign them may be inspired to come up with new ideas.
  3. Employers may utilize non-compete agreements to connect with companies searching for long-term employees.
    Cons:
  4. Employees’ negotiating strength is weakened by non-compete agreements.
  5. Employees may have to wait a long period before they may apply for another job in their profession.
  6. There are few social advantages to signing a non-compete agreement at work.