mayach
02-28-2007, 01:37 PM
I currently work for financial software vendor XYZ Company that is incorporated in MA. I am a senior consultant covering the NY, NJ, and CT areas for them as a NY resident.
4 months ago, I was assigned to a NY client, ABC hedge fund, and about a week ago they decided to offer me a position as a CTO (Chief Technology Officer).
I have a non-compete that I signed when I joined XYZ company that states that I may not work for a client, competitor, or partner for 2 years.
ABC hedge fund signed a software contract that states that the client may not hire a XYZ Company employee for 1 year.
Is the non-compete enforceable?
Outside of having ABC hedge fund pay an absurd fee (six figure lump sum payment per XYZ Company's request) to not have XYZ Company sue ABC Hedge Fund or myself, what other reasonable course of action is available?
Many thanks in advance...
Cheers
4 months ago, I was assigned to a NY client, ABC hedge fund, and about a week ago they decided to offer me a position as a CTO (Chief Technology Officer).
I have a non-compete that I signed when I joined XYZ company that states that I may not work for a client, competitor, or partner for 2 years.
ABC hedge fund signed a software contract that states that the client may not hire a XYZ Company employee for 1 year.
Is the non-compete enforceable?
Outside of having ABC hedge fund pay an absurd fee (six figure lump sum payment per XYZ Company's request) to not have XYZ Company sue ABC Hedge Fund or myself, what other reasonable course of action is available?
Many thanks in advance...
Cheers
