Trade groups representing Apple, Amazon, Google, Meta and several of Australia’s biggest banks, law firms and accountancies have warned the government against banning non-compete agreements.
I don’t know about a lot of industries, but in finance, having a non-compete at least for a few weeks is essential as of your trading positions are known to your competitors, you end up losing quite a lot.
I know it’s one giant asshole protecting itself from another giant asshole, but at least I know that usecase is justified.
I don’t know about a lot of industries, but in finance, having a non-compete at least for a few weeks is essential as of your trading positions are known to your competitors, you end up losing quite a lot. I know it’s one giant asshole protecting itself from another giant asshole, but at least I know that usecase is justified.
I sincerely appreciate you taking the time to reply, but I really think that situation could be covered by an NDA instead of a non-compete.
Let the employers sue/arbitrate if they think the NDA is broken.
A few weeks? Try at least 12 months for quant finance.
The UK thankfully banned this crap.