Why does my contract have a restraint of trade clause?

Why does my contract have a restraint of trade clause?

The restraint of trade clause came about because many employers are worried that their employees will leave their business to work for a competitor, or start up a rival business and take their employees, clients and suppliers with them. A restraint clause is only...
What is a ‘competitor’ in employment contracts?

What is a ‘competitor’ in employment contracts?

Many executive employment contracts include ‘non-compete’ clauses. These can take the form of a non-solicitation clause, which prevents you from approaching your current employer’s clients. It can also take the form of a restraint of trade clause,...
Understanding the terms of your employment contract

Understanding the terms of your employment contract

A typical employment contract can contain items that seem harmless until you look a little further. If you’re not careful you can quickly find yourself in hot water. Here are answers to some common questions to help you better understand what you are signing up...