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.
Aut sit quia autem cumque quas in. Dignissimos nulla cupiditate unde sit.
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