Tag Archives: Consideration

More than Threats: Consideration and At-Will Employment

One of the basic requirements for contracts, including non-compete agreements, is that the contract/non-compete be supported by “valuable consideration.”  Valuable consideration may consist of “some right, interest, profit or benefit accruing to one party or some forbearance, detriment, loss or responsibility given, suffered or undertaken by the other.” Simply put, if a party is to be bound to his promise, he must receive something in exchange such as money or another promise.  An employer can condition an offer of employment on an employee’s signing a non-compete; but what about employees who already have a job?

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