Need help on understanding notice versus non compete

Hey all, I'm based in LDN and just got a HF offer but wanted some help in understanding a contract I've just been given. It says a three months notice period, but it also it says I have a 3 month non-compete from the date of termination. Is the date of termination the same as the date you resign? In which case the non-compete and the notice period is the same time length, i.e. 3months total? Or would the non-compete start after the notice period finishes, i.e. 6 months total.

5 Comments
 

You should read the contract carefully as that should define the date of termination for the purpose of the non-compete. At many firms the 3 month non-compete would start once you are on garden leave but not start if you are still working during the notice period. There was a relatively recent court case in the UK involving a non-compete clause that only started at the end of the notice period which was mostly spent on garden leave for that particular employee. If you are still unsure I would suggest consulting with a lawyer as they will read the contract and can then more definitively answer this sort of question based on your contract and UK employment laws.

 
Most Helpful

The way you describe it, I suspect the Termination Date would be only when your 3M Notice Period ends, so you'd have 3M non-compete after that.  However, this is the sort of thing you need to be very clear about and depending on the HF there might be some wiggle room. For instance, perhaps you can try to get the 3M notice and 3M non-compete to be concurrent.  If not, then I would also try to get them to put in the contract that the 3M non-compete is 'paid', as oddly quite common this is not the case. 

 

Eligendi voluptas et numquam qui suscipit iusto qui. Labore velit aliquid sed dolorum omnis aut quisquam.

Maxime ut quasi harum. Architecto quasi adipisci non. Voluptatibus est asperiores quod sapiente.

Sed qui beatae asperiores. Recusandae et repudiandae minus. Sed occaecati inventore qui veritatis reprehenderit ab rerum.

Career Advancement Opportunities

June 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.1%
  • Citadel Investment Group 97.1%
  • AQR Capital Management 96.1%
  • Magnetar Capital 95.1%

Overall Employee Satisfaction

June 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Millennium Partners 95.0%

Professional Growth Opportunities

June 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.1%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.2%
  • Magnetar Capital 95.2%

Total Avg Compensation

June 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $423
  • NA (9) $320
  • Engineer/Quant (86) $288
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (76) $192
  • Analysts (242) $181
  • Intern/Summer Associate (28) $146
  • Junior Trader (5) $102
  • Intern/Summer Analyst (282) $96
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”