non compete agreements
hey guys,
I'm currently going through offers from a few prop shops (in power/nat gas) and more traditional prop firms. I'm interested in the power prop shops, but was just wondering how 1-year non competes work. Can you even secure another job 1 year in advance (for non university recruits)? Or do people at these non compete lengths just resign/get fired and recruit closer to their non compete expiration?
Thanks
Non-competes are normally for direct competitors, not an entire industry or huge group of companies. They would only be enforceable if you move to a 100% competitor while having access to confidential client data. And enforcement is a tough on anyway on these...
In addition to what the other person said, some firms will wait the 1 yr if they are a direct competitor. This is generally the “top” bigger firms, but it is definitely possible, and depending on your non compete, you can be compensated during that time.
people use to be able to get the NC money and work in tech -> 2x paycheck. Is that still possible now?
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