{"componentChunkName":"component---src-templates-blog-post-ts","path":"/like-all-contracts-non-competes-require-consideration-to-be-enforceable/","result":{"data":{"site":{"siteMetadata":{"title":"Clausehound Blog","author":"Joshua Koudys"}},"markdownRemark":{"id":"e14edb8b-a027-5af6-8d43-6d0e684330da","excerpt":"The consideration given for non-competition agreements is often access to confidential information Employers should be careful about having incumbent employees…","html":"<h3>The consideration given for non-competition agreements is often access to confidential information</h3>\n<p>Employers should be careful about having incumbent employees sign off on noncompetes without offering additional consideration to support the agreement. If an employee leaves the company, competes with the company, and is then sued to enforce the noncompete, he may argue that he received no new confidential information so there was no valid “consideration” for the noncompete. </p>\n<p>Employers should ensure the employee receives monetary compensation, or some other form of consideration for the noncompete in the termination agreement, and that the employee has acknowledged receipt of it.</p>\n<h3>Takeaway:</h3>\n<ul>\n<li>A non-compete agreement will not be enforceable without valid consideration.</li>\n</ul>","frontmatter":{"title":"Like all Contracts, Non-competes Require Consideration to be Enforceable","date":"September 29, 2015","description":"The consideration given for non-competition agreements is often access to confidential information.","author":{"id":"info@clausehound.com","first":"","last":null,"bio":null,"image":null},"tags":["Generally Used Clauses","Consideration","Commercial Activities","info@clausehound.com"]}}},"pageContext":{"slug":"/like-all-contracts-non-competes-require-consideration-to-be-enforceable/","previous":{"fields":{"slug":"/trending-ins-and-outs-of-a-pre-nup/"},"frontmatter":{"title":"Trending: Ins and Outs of a Pre-Nup","tags":["Marriage Contract","Prenuptial Agreements","Commercial Activities","Rajah"],"author":{"id":"rajah@cobaltcounsel.com","first":"Rajah","last":"Lehal"}}},"next":{"fields":{"slug":"/blog-bite-how-should-school-boards-balance-safety-and-privacy-in-deciding-whether-to-implement-video-surveillance/"},"frontmatter":{"title":"Blog Bite: How should school boards balance safety and privacy in deciding whether to implement video surveillance?","tags":["Privacy Policy","Mondaq","Learn","Canada (ON)"],"author":{"id":"alina@clausehound.com","first":"Alina","last":null}}}}}}