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Tell HN: Beware confidentiality agreements that act as lifetime non competes

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241–250 of 269 posts

Re: Tell HN: Beware confidentiality agreements that act as lifetime non competes

#241

Earlier quoted context omitted.

What about health insurance?

We don't need health insurance in Norway. ("universal health care" or what's it called in English?)

Isn't Norway's government is funded by gas and oil? Burn down the planet so we can have free health care

Re: Tell HN: Beware confidentiality agreements that act as lifetime non competes

#242

Earlier quoted context omitted.

We don't need health insurance in Norway. ("universal health care" or what's it called in English?)

Isn't Norway's government is funded by gas and oil? Burn down the planet so we can have free health care

The economy may be well-boosted by the oil, but note that all the money is put into a fund and invested globally, and only a small percentage may be used in the government's budget each year. So no, free healthcare isn't funded by oil. https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Nor...

And while I don't support our continued extraction of oil, I feel like your comment is quite weird. How is it relevant in this context? Lots of other nations have public health care without having oil. Besides, the US produces many, many times more oil each year than Norway, so your argument is a complete non sequitur.

Whatever beef you have, please don't include me in it.

Re: Tell HN: Beware confidentiality agreements that act as lifetime non competes

#243
post #45

I think the Chinese law is effective in this regard: in order to maintain any non-competition agreement, the company must continue to pay you a monthly compensation amount equal to 30% of your total monthly income when you were at the company. Whenever the payment stops, the non-competition agreement is automatically void.

Speaking of China: The free movement of workers is important to having an efficient economy. The US could do a lot better here; we have bad safety nets, non-competes, "trade-secrets". When workers move freely and spread trade-secrets, this results in all companies performing better, on average. This is good for everyone except the lazy owners who would lose money to those who perform better. While the US worries abou…

U.S doesn't have a hukou system.

Re: Tell HN: Beware confidentiality agreements that act as lifetime non competes

#244

Earlier quoted context omitted.

What are the keywords for finding a lawyer who can advise on non-competes? Asking because it turned out nearly impossible to find a local lawyer to advise on a dispute couple months ago - with 9 out of 10 telling me they only do divorces or real estate or immigration. I was literally calling one by one from a list based on what I believe were relevant search criteria on State Bar website.

> What are the keywords for finding a lawyer who can advise on non-competes? If you're in California, try the following; they all know their stuff and aren't in supercostly BigLaw firms (although I think most are BigLaw alumni): - Betsy Bayha - https://www.linkedin.com/in/betsy-bayha-560107/ - George Grellas - used to post here a lot, not so much recently - https://grellas.com/our-team/george-grellas/ - Sean Hogle -…

Thank you!

Re: Tell HN: Beware confidentiality agreements that act as lifetime non competes

#245
Non-competes should be illegal. If someone is so valuable that them leaving for a competitor would severely damage the business, then pay them more. Do their laundry. Hire someone to drive them around. Give them a personal chef. Etc.

Re: Tell HN: Beware confidentiality agreements that act as lifetime non competes

#247
post #122

Earlier quoted context omitted.

What's worse is actually those non-competes with a variable period. The company doesn't have to tell you in advance how long it will be; only when you hand in your resignation letter will they tell you. It entirely serves to make your job hunt more difficult.

Jesus: What jurisdiction is this? And what dummy signs a contract like that?

The kind who likes money. Lots and lots and lots of money.

Re: Tell HN: Beware confidentiality agreements that act as lifetime non competes

#248

Earlier quoted context omitted.

Because in a well organized society where wealth accumulation is not by corruption, then by definition it would be by creating value, which benefits everyone. The alternative is something like oligarchs that extract wealth because of state granted monopolies, corporatism that strangles competition with anti competitive regulation, etc. The accumulation of wealth is all out of proportion and possibly not even correlat…

Wealth is accumulated by capturing value, not by creating it.

Technically true, but ideally it would be capturing a portion of value created by them, rather than a portion of value created by others, is my point.

Re: Tell HN: Beware confidentiality agreements that act as lifetime non competes

#249
post #45

I think the Chinese law is effective in this regard: in order to maintain any non-competition agreement, the company must continue to pay you a monthly compensation amount equal to 30% of your total monthly income when you were at the company. Whenever the payment stops, the non-competition agreement is automatically void.

I guess corporations don't write the laws in China?

Re: Tell HN: Beware confidentiality agreements that act as lifetime non competes

#250

Earlier quoted context omitted.

Oh no, ah jeez, slightly more than one year of income for zero effort, darn. Any employment gap can be easily explained by saying "I was under a non-compete and being paid garden leave while working on personal projects to keep my skills fresh". It's very common in e.g. the finance world, I believe.

I've no argument with the severance cash, I'm saying that you can't just revert to a hobby because you have an "income for life." The uncertainty means you're still out on the job market looking for a real job.

There's perhaps significantly lower total compensation and potential uncertainty. A lot of people just aren't in the position to travel the world (or whatever) for a year. Or even work on an open source project that may or may not even be within the bounds of the non-compete depending in the company.
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