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Growing Use of Non-Compete Clauses in Employment Contracts

More employers are turning to non-compete clauses when drafting employment law agreements and contracts. In fact, according to a research paper in the University of Michigan Law School’s Law and Economics Research Paper Series, as of about five years ago, as many as 20% of employees who had employment contracts were bound by non-compete clauses. In another recent survey, as many as 40% of respondents reported having at least one job in the past at which they were required to sign a non-compete agreement. Why are non-compete clauses used and what should employers know about them? What is a Non-Compete Read more