A New York non-compete agreement is a legal document that addresses a businesses concern that their former employees may leak their sensitive information and trade secrets. To alleviate these concerns, companies will use a non-compete agreement which obtains a written promise form employees that they will refrain from competitive behavior once their time with the company comes to an end. Non-compete agreements often prohibit a former employee from working for or with competitors for a period of time, and similar companies within a certain geographic region.
New York Non-Compete Laws - None Specific (See New York Non-Compete Guide)
New York will enforce a non-compete agreement as long as an employer does not impose greater restrictions than necessary to protect their business interest. In addition, a non-compete agreement may not cross industries. For example, a non-compete agreement cannot prevent a salesman from working for another company as a consultant as long as the employee does not conduct sales. Furthermore, non-compete agreements may not be enforced in the financial industry.