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Question for the Experts: Mergers and Aquisitions

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    #11
    Alliance with Milan and AtW..........So begins the fourth Reich

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      #12
      thanks for the input lads

      it's something to start from

      Milan.

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        #13
        Originally posted by snaw
        I'm pretty sure it's possible to stop someone leaving your firm and setting up a rival company for a set period of time, after which they can do what they want.
        Its illegal to prevent making a living from one's trade - the best company can do is to force garden leave - they have to pay you for this time, they can't prevent you from working for competitor for free - the only free thing they can get is to prevent trade secrets or current plans being told to competitor, should this happen they can sue, though its very hard to prove.

        Bottom line is this - competition limitations in most people's contracts (at least in the UK) are null and void, they are primarily designed to incite fear in people who don't know better.

        Most people these days have just 1 month notice period, managers get 3 months, and directors look at 6 months - this period is the maximum any company can hope to have someone not working for competitor, and they will have to pay you for garden leave if they don't want you work there.

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