Non Compete Agreement in Oklahoma

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Are you thinking of signing a non-compete agreement in Oklahoma? If so, it’s important to understand what it is and what it means for you.

A non-compete agreement is a contract between an employer and an employee that prohibits the employee from working for a competitor after leaving the company. The purpose of such agreements is to protect the employer’s business interests by preventing former employees from using their knowledge and skills to benefit a direct competitor.

In Oklahoma, non-compete agreements are generally enforceable if they are reasonable in scope and duration. The state does not have specific laws governing non-compete agreements, but courts have generally applied a reasonableness standard to determine their enforceability.

If you’re planning to sign a non-compete agreement in Oklahoma, here are some things to consider:

1. Scope of the agreement: A non-compete agreement should be limited in scope to the specific type of work you do for the company. For example, if you work as a software engineer, the agreement should only prohibit you from working in a similar capacity for a competitor. It should not prevent you from taking a job in a completely different field.

2. Duration of the agreement: Non-compete agreements should also be limited in duration. Typically, a non-compete agreement in Oklahoma should not exceed two years. Anything longer than that may be considered unreasonable and unenforceable.

3. Compensation: If you are asked to sign a non-compete agreement, you should be compensated for it. This compensation could be in the form of a signing bonus or a higher salary. If the company is not offering any additional compensation, you should consider whether signing the agreement is worth it.

4. Seek legal advice: Before signing a non-compete agreement, it’s always a good idea to seek legal advice. An experienced attorney can review the agreement and advise you on whether it’s enforceable and in your best interests.

In conclusion, non-compete agreements are common in Oklahoma and can be enforceable if they are reasonable in scope and duration. As an employee, it’s important to carefully review the terms of the agreement before signing it and seek legal advice if necessary.