July 02, 2020

Getting sued by a former employer sucks! Even if you win, it can be an enormous time, financial and mental expense.

Here's an interesting read for any of you executives considering new job offers. Here's a Connecticut native executive being sued by a former employer (IBM) for jumping right to a competitor.

Whether or not it is a justified suit or totally frivolous, what you should take away from this is the importance of understanding employment contracts you sign and their long-term implications. Non-competes are common features and you should also know how your equity comp may be impacted if you are to leave or change employment.

We often help our clients evaluate offers, negotiate contracts and consider future landmines to their career path. It's prudent for you to have outside counsel from the recruiters and hiring firm, someone who can give you a levelheaded read for your own goals and needs.