Strong Guidance And Advocacy Regarding Noncompete & Severance Agreements In Ohio
In today’s downsizing, competitive environment, employers do not hesitate to shed key personnel yet still insist on enforcing noncompete agreements. As experienced lawyers, we understand that this area of law is a minefield and must be negotiated with extreme caution. Not knowing your rights could result in significant legal problems and major consequences for you.
If you have been asked to sign a noncompete or severance agreement, or if an employer seeks to enforce one against you as part of a severance package, contact the attorneys at Cook & Logothetis, LLC. Our Cincinnati law firm uses more than 35 years of experience to draft, review and litigate noncompete and nonsolicitation agreements.
Noncompete Agreements (Covenants Not To Compete)
The law on noncompete agreements is highly developed and varies from state to state. Because it can be so complex, it is best to work with an experienced attorney.
When employees sign an employer’s noncompete agreement, they usually are agreeing not to engage in a profession or trade within a certain geographic area or for a certain period of time. The agreement may be evoked when the employee leaves the company, and it could prevent them from working with other employers – or taking clients with them – when that activity might compete with their former employer.
With the increasing use of the internet for business, employees are finding themselves working on a global scale. This change has had a great effect on the law on noncompete agreements. The lawyers at Cook & Logothetis keep current with recent changes in the law and are working to shape Ohio case law so that it is more favorable to employees in today’s marketplace.
Severance agreements have received national attention in the legal community for many years. These agreements usually state that employees will be paid a certain amount of money and receive certain benefits in the event that they are laid off from work. Severance agreements provide money to fund a job search, but they also may ask employees to waive their right to take legal action against an employer. If you have been asked to accept a severance agreement, it is critical that you review it with a lawyer before you accidentally give up your rights.