Are Non-Competes Legal in Virginia?
If you live or work in Virginia and have signed a non-compete, or been asked to sign one, you need to fully understand what it means. Non-competes may be enforceable in Virginia, but the agreement has to meet certain requirements. Here’s what you should know about non-competes in Virginia. What is a Noncompete Agreement? This agreement or clause is a contractual promise between two parties, usually the employee and employer. These agreements are sometimes called “restrictive covenants” as well. A noncompete agreement serves the purpose of guaranteeing that the former employee will not engage in certain acts, behaviors, or new employment that competes with the former employer’s business. Why are Noncompete Agreements Used in Virginia? Noncompete agreements are intended to ensure that employees won’t leverage information such as trade secrets, ideas, or business practices to start their own business or gain new employment. You can even be subject to a noncompete agreement if you don’t have access to trade secrets. Are Non-Competes Legal in Virginia? If you work in Virginia and signed a non-complete agreement, or a contract with a non-complete clause, it may be enforceable. To be enforceable, non-competes in Virginia have to be considered valid. These agreements are