The Role of Noncompetes, Nonsolicits, and Other Restrictive Covenants During Salary Negotiation
RUSSO LAW LLC's Founder, Lou Russo, was asked about the impact of restrictive covenants (noncompetes, nonsolicits, etc.) on salary negotiations in a recent Dollarsprout article. Here is an excerpt of the quote:
"Contract law attorney Lou Russo recommends higher level employees, or anyone asked to sign a contract, tell potential employers that their lawyer will review the offer letter, employment agreement, employee handbook, or stock option plan. . . .
'If any of these documents incorporate stringent restrictive covenants that will prevent you from working in the industry after you stop working for the employer, then you have a reason to ask for more money,” Russo said. “This is especially true if the new employer is trying to prevent you from competing with it for longer than 1 year, and there is no geographic or industry limitation.'"
* * *
Russo Law LLC deploys unparalleled training and modern technology to guide investors, businesses, and executives efficiently through corporate, contractual, commercial real estate, and litigation issues.
Call (+1-929-262-1101) or email today to learn more.
*This blog post is for informational purposes only. It is not an offer to represent you and does not provide, nor does it intend to provide, legal advice. You should not act, or refrain from acting, based upon any information on this website. Neither the presentation of such information nor your receipt of the same creates an attorney-client relationship. This blog is legal advertising. Although this blog post intends to provide accurate and helpful information, it makes no representations, claims, promises, guarantees, or warranties, express or implied, including the warranties of merchantability and fitness for a particular purpose, Furthermore, Russo Law LLC does not assume any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed on this website, nor represents that its use would not infringe privately owned rights.