Hi,
I have signed a contact and working for a client through consulting company (for last 18 months) and the consulting company is not raising the rates and iam losing 40% of my billing to the middle consutancy companies.
Myself(Limited Company) -> Consulting Company A -> Consulting Company B -> Client
Non Compete Clause in the contact i have signed to Consulting Company A
"Consultancy shall not during the subsistence of this agreement and for one year thereafter either solicit any business from a customer of or enter into any arrangement/aggrement with <Consultancy A> customers or porvide any service to <Consultancy A> customers except through <Consultancy A>.Consultancy agrees that <Consultancy A> may suffer irreparable harn and the damages suffered have been quantified as £25,000 for each violation plus 50% of the invoice raised by the supplier on such customer of <Consultancy A>.However, this stipulation is not applicable to the already existing customers of the Supppier"
Now the client is ready to take me through another consultancy company Consulting C, but my question is if i do a exit from the Existing Consultancy Company A and then join the same client by Consulting Company C, will this cause legal issue.
Basically Consulting Company A and Consulting Company B are taking 20% 20% from the billing and this relsults in 60% to me.
But Consulting Company C is ok to take 15% so ill be getting 85% for me.But i need to move from the existing contract.
Your suggestions and any legal issue and workaround will be of great help.
Thanks
SK
I have signed a contact and working for a client through consulting company (for last 18 months) and the consulting company is not raising the rates and iam losing 40% of my billing to the middle consutancy companies.
Myself(Limited Company) -> Consulting Company A -> Consulting Company B -> Client
Non Compete Clause in the contact i have signed to Consulting Company A
"Consultancy shall not during the subsistence of this agreement and for one year thereafter either solicit any business from a customer of or enter into any arrangement/aggrement with <Consultancy A> customers or porvide any service to <Consultancy A> customers except through <Consultancy A>.Consultancy agrees that <Consultancy A> may suffer irreparable harn and the damages suffered have been quantified as £25,000 for each violation plus 50% of the invoice raised by the supplier on such customer of <Consultancy A>.However, this stipulation is not applicable to the already existing customers of the Supppier"
Now the client is ready to take me through another consultancy company Consulting C, but my question is if i do a exit from the Existing Consultancy Company A and then join the same client by Consulting Company C, will this cause legal issue.
Basically Consulting Company A and Consulting Company B are taking 20% 20% from the billing and this relsults in 60% to me.
But Consulting Company C is ok to take 15% so ill be getting 85% for me.But i need to move from the existing contract.
Your suggestions and any legal issue and workaround will be of great help.
Thanks
SK
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