As future managers, business owners and human resources managers, no doubt you will encounter noncompete agreements in your future. In the employment context, noncompete agreements involve an employee's agreement not to work for the employer's competitors within a certain geographical region and/or a certain time following the employee's separation from the employer. Many noncompetes also include an employee's agreement not to lure away his employer's customers following his departure from the employer's organization. The consideration - or exchange of value - is the employee's gain (or continuation) of employment with the employer.
What are your thoughts on noncompete agreements in the employment context? Should they always be enforced? Always be held void? If so, why? Or, if the answer is somewhere in between, what factors does the enforceability of a noncompete agreement depend on?
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