The various laws, statutes, and policies governing non-compete agreements are nuanced, inconsistent, and sometimes downright contradictory from state-to-state. The issue of consideration is no different. Like other contracts, non-compete and restrictive covenant agreements must be supported by adequate and sufficient consideration at the time of execution. However, what constitutes adequate consideration for a restrictive covenant, especially a non-compete provision, varies from state to state. And, more importantly, the concept of adequate consideration has shifted in recent years reflecting an increasingly strict approach to enforcing non-compete agreements post-employment.
Continue Reading For Your Consideration: Recent State-to-State Developments on Sufficient Consideration for Employee Non-Compete Agreements
About
Mikela Sutrina is a partner in the Labor and Employment Practice Group in the firm's Chicago office.
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About
Mikela Sutrina is a partner in the Labor and Employment Practice Group in the firm's Chicago office.