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Vault Message Board: Management and Strategy Consulting

Topic Name: Non-compete/solitation agreements
Message Name: Mid-Size Global Consulting Firm Agreements
Date Posted: 03/28/2003
In Reply To: What is the typical non-compete and non-solication (of employees and/or clients) agreement required by management colsulting firms? Which employees (partners only or all) are required to sign them? What time period is the typical agreement? Thanks in advance
Message: Non-compete: While an employee and for 12 months after temination of employment, you will not provide competitive products or services to the firm's clients or prospective clients with which you had material or substantial contact within the last 12 months of your employment with the firm. Non-solicitation: While an employee and for 12 months after termination of employment, you will not solicit or interfere with the business relationships between the firm and its clients, prospective clients, accounts, employees, or contacts within the US or any other country in which the firm does business whose identity was made known to you during your employment with the firm if this solicitation is not for the benefit of the firm and is for a competing product, service or employment opportunity.

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