I have joined a public limited company in 2006. In 2010 company asked me to sign an agreement, that I could not join any other competitor company within one year after my resignation. Now I got a better offer from an competitive company. What should I do ? What action can my old employertake, if I join other competitor company.
Asked 4 years ago in Business Law from Kolkata, West Bengal
Did you sign the agreement as required by the company? If yes, the agreement is sacrosanct and you are obligated to abide by it. If you violate the agreement then your erstwhile employer may sue you for breach of contract.
you should not join the competitor company . in the vent you join competitor your ex employer will file suit for damages against you and also seek to obtain injunction restraining you form joining your competitor