Are you stuck in a non-compete agreement with your current company and want to start your own business or work for a competitor? Non-compete agreements are common in the industry, but they can be restrictive and limit your career growth. Here are some tips on how to legally get out of a non-compete agreement:
Review the Agreement
The first step is to carefully review the non-compete agreement and understand its terms and limitations. Look for any loopholes or inconsistencies that could work in your favor. For example, if the agreement is too broad or vague, it may not be enforceable.
Seek Legal Advice
Consult with an experienced attorney who specializes in non-compete agreements. They can review the agreement and advise you on your legal options. They may also negotiate with your employer on your behalf to modify or waive the non-compete agreement.
Prove Unenforceability
In some cases, you may be able to prove that the non-compete agreement is unenforceable. For example, if the agreement is too restrictive and prevents you from earning a living, it may be considered unreasonable. If your employer breached the agreement, it may also be unenforceable.
Offer a Buyout
If you want to work for a competitor, you can offer your current employer a buyout to release you from the non-compete agreement. This can be a win-win situation for both parties, as your employer may be willing to accept a reasonable amount to avoid a legal battle.
Wait it Out
If all else fails, you may have to wait until the non-compete agreement expires. In Texas, non-compete agreements are typically enforceable for up to two years. During this time, you can work in a different industry or start your own business.
In conclusion, getting out of a non-compete agreement requires careful planning and legal expertise. It's important to understand your rights and options before taking any action. Contact Keith Morris & Stacy Kelly, Attorneys at Law for a free consultation and learn how we can help you navigate the legal complexities of non-compete agreements.
To get help or find out more please contact our non-compete lawyers today by calling (713) 636-5339 in Houston and (817) 442-2048 in Fort Worth or submitting an online contact form.