Long story short... I applied to a company and received an offer but my NDA has a do not compete clause which is 5 years long. Anyone have some insight if this is typical?
More info below.
I feel a lot can change in five years. Thoughts? What is your NDA like? Do I negotiate?
I've only got one year of experience as an equity research associate straight out of my firms intern program. That's my only truly relevant experience.
I decided to look outside of front office type roles because I messed up college bad due to health issues and interviews have been tough to get. I can't stay with my current firm much longer due to headcount so my window of opportunity to avoid a gap is closing in.
I can't help but think I'd be making a mistake by locking myself into such a role at this new company.
If you are wondering...(REDACTEDBRAH)
(some of you may read this in the morning)
Thanks for your time.
-FB
WTH, 5 years!!! And, yes you should negotiate your NDA , have an attorney or friend in law school review it. I was able to negotiate mine from 2 years to 1 and a 30 miles radius.
Upperclass Law student here. Five years is a number at the extreme range of a non-compete. A court would likely strike it down depending on the jurisdiction. That would entail you ignoring the non-compete and waiting to get sued, however.
1-2 years plus a geographic limitation is the norm.
Have a lawyer look at it. There are certain conditions that could make it unenforceable, so there'd be no reason to negotiate it down.
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