The fine print that follows you out the door: non-compete clauses are spreading
41–50 of 68 posts
Re: The fine print that follows you out the door: non-compete clauses are spreading
#42Earlier quoted context omitted.
i rarely use ai, however i must constantly sift through ai blog posts like this one to find actual communication. should i leave the internet to win the game against ai? well i did the next best thing and got a nokia brick phone, yet facebook still knows how to recommend those i meet in real life!! i tried not playing but im still in the game. does that mean the only way i can win is to kill myself?
> yet facebook still knows how to recommend those i meet in real life!! Meta is an awful company but they don't have Enemy of the State level surveillance. If you met someone in real life and then Facebook recommended them to you the leak here was almost certainly a human one, eg. the person you met googled you and clicked your Facebook profile when it showed up (while they themselves were logged into Facebook) and t…
Re: The fine print that follows you out the door: non-compete clauses are spreading
#43I don't think I can live outside of California at this point I don’t even negotiate these clauses I just have so much assurance the state is going to throw out the case that I just let the client shoot themselves in the foot, and silently get invested in seeing which other ways they’ll mess up
Re: The fine print that follows you out the door: non-compete clauses are spreading
#44Re: The fine print that follows you out the door: non-compete clauses are spreading
#45Earlier quoted context omitted.
More often with principles.
i think you underestimate the starting capital required to be able to stand with principles in the modern world. I'm lucky to be in such a position, but I'm also aware few are.
Re: The fine print that follows you out the door: non-compete clauses are spreading
#46Non-competes in finance almost always come with compensation during the defined period. The idea that a company can restrict at-will employee’s post-separation employment is absurd if they aren’t compensating the individual. In many US states and countries outside the US, the enforcement of non-competes is very very hard. The problem is that they create a RISK of enforcement.
Executive level non-competes are probably the most damaging for the overall economy though. If there's a market-dominating company, and execs are allowed to leave said company, start a competitor, get some investor dollars behind them, then start poaching employees from the old company, the market can have a really viable competitor quite quickly. Without that ability, little monopolies spring up throughout the econo…
One of the other respondents mentioned one of the main issues with a DIY attitude towards modifying NCDs is the advent of digital signing of NCDs now, and I concur that NC documents really should be paper (though I can see an argument for adding a blockchain-like element/step with a digitized document that would capture the crossed-out sections). I used to deal with sections of NC forms I did not like this way myself.
A lot of people don't like non-competes but I think people give them a bad reputation sometimes. Not when they are being abused (like the case of the doctor and PE mentioned elsewhere, and as I said in some cases NCs make little sense to me; if it is isn't research-related, and/or doesn't involve some sort of patent or novel procedure or tech or research, it clearly makes less sense), but certainly when they serve to prevent people from running off and starting a new company and competing with the company they just left (e.g., how the AI field especially is getting very glutty and 'competitive' now; it resembles less of a free-market and more like Battle Royale in ways).
Pretty sure non-competes prevent economic collapses, layoffs and bankruptcies for many companies.
The danger is abuse of them, not their existence. I don't think banning them outright is good. Especially in Fintech, which is a field rife with moral and ethical quandaries.
I do want to point out that it irks me when people make a big deal complaining about a non-compete afterwards, when they know they signed a non-compete prior to a meeting or job or role somewhere. Part of the point of non-competes is that generally the people that want you to sign them know there is a reason you would want to talk about something or use it elsewhere.
Abuse should be prevented and preventable by both sides of the non-compete and NDA processes though.
Should someone be prevented from working with models after working with them at another company? Maybe. If you sign and say yes and you are paid (even if it is not after you leave; you were given notice, though clearly you may not like it; the ability to renegotiate should exist before leaving), then, like it or not, you signed it. But a better approach is just more specific NC clauses (specific sorts of models or specific fields being ruled out, not the whole shebang).
But as I said, I see good reasons for them existing.
Re: The fine print that follows you out the door: non-compete clauses are spreading
#47Earlier quoted context omitted.
i think you underestimate the starting capital required to be able to stand with principles in the modern world. I'm lucky to be in such a position, but I'm also aware few are.
You don't need money to live a principled life. Change your life lens. Seek the truth, change the company. There are several places that don't ask you to compromise your morals or principles. Be in touch with principled people, learn from them. I never care about money and so I never have it but I have never been found wanting when I need it. God will make it happen. No worries.
Re: The fine print that follows you out the door: non-compete clauses are spreading
#48Earlier quoted context omitted.
FYI - there are already a few states that don't allow companies to enforce such draconian noncompetes. Moving to California is better than killing yourself most of the time.
Clearly something else was going on. No mentally healthy person would kill themself because of this.
Re: The fine print that follows you out the door: non-compete clauses are spreading
#49Sadly Amazon has been known to enforce its 18-month NC in WA state (not sure if they’ve ever prevailed in court). They will absolutely not negotiate on this.
I'm darkly-amused by how this really makes Amazon sound like a quasi-governmental entity.
AFAICT a lawsuit (Burns v. Amazon) on that is ongoing.
Re: The fine print that follows you out the door: non-compete clauses are spreading
#50Earlier quoted context omitted.
Clearly something else was going on. No mentally healthy person would kill themself because of this.
You are clearly incapable of putting yourself in the shoes of someone who is being told they cannot pursue their vocation for half a decade.