Trimming Frauds Revealed | How Does It Impact Vintage???

[Leon]

How about if those non compete contracts were paid for with compensation in order to be able to be upheld?

Non Competes are also void in Texas, I believe, unless there is compensation to the employee for signing it. At least that is what I was told when I was given a $5000 check for signing one (a long time ago).

and back to the original trimming issue. Thanks Eric (post 27)....that one I followed.

Originally Posted by Exhibitman

Nope. PSA is California-based and our laws basically prohibit employee non-compete contracts except when the employee is a selling owner of the business.

NDAs, however, are not only allowed, they are commonplace in some industries, especially entertainment. You wanna clean toilets in Burbank (home of Warner Bros, Nickelodeon, Disney, etc.) you're probably gonna sign a non-disclosure agreement. After all, no telling what Nickelodeon might do with information on Disney execs' pooing habits.

PS: Barry is right, as is Frank.

[vintagetoppsguy]

Originally Posted by Leon

Non Competes are also void in Texas, I believe, unless there is compensation to the employee for signing it. At least that is what I was told when I was given a $5000 check for signing one (a long time ago).

Correct, they are not enforceable, but I don't know about the compensation part. Seems reasonable that you could be sued for breach of contract though if you broke it.

As far as NDAs, I was told they are not enforceable either in Texas, but I don't know that for sure. I've signed confidentiality agreements (I guess that's the same thing as an NDA), but I was told by others that they're not enforceable.