Chapter
The Controversy of Non-Compete Agreements
02:00 - 06:57 (04:56)
Non-compete agreements have always been a controversial topic, as they limit an employee's ability to find a job in their field and can hinder competition. While companies can argue the need to protect their trade secrets, it ultimately stifles the free market capitalist ideals.
Clips
Non-compete agreements restrict employees from quitting their current job and joining a rival company, which hobbles competition and in turn harms the consumer and the free markets.
02:00 - 04:09 (02:09)
Summary
Non-compete agreements restrict employees from quitting their current job and joining a rival company, which hobbles competition and in turn harms the consumer and the free markets.
ChapterThe Controversy of Non-Compete Agreements
EpisodeNoncompete Agreements, Come On
PodcastStuff You Should Know
Non-compete agreements have a fixed duration, usually 6 months to 2 years, beyond which employees can work for themselves or competitors.
04:09 - 05:29 (01:20)
Summary
Non-compete agreements have a fixed duration, usually 6 months to 2 years, beyond which employees can work for themselves or competitors. Although pro-employee, in some cases, non-competes can be justified to businesses to prevent unfair competition.
ChapterThe Controversy of Non-Compete Agreements
EpisodeNoncompete Agreements, Come On
PodcastStuff You Should Know
Companies use non-compete agreements to protect intellectual property and trade secrets from competition.
05:29 - 06:57 (01:27)
Summary
Companies use non-compete agreements to protect intellectual property and trade secrets from competition. While a non-compete often serves a legitimate purpose, it can limit an employee's job prospects and potential for career growth.