I'd guess that people often agree to non-competes because they don't know how bad a deal they are. This could be solved if (1) people checked their contracts with lawyers more often, or (2) contract terms were standardized in such a rigid way that people could quickly learn about all the potential clauses.
Why don't people check their contracts with lawyers? If it's because of a high estimated cost, is that estimation right?
Part of the problem (and therefore part of the solution) is that the choosing of contract terms asymmetrically benefits the employer, since they only have to do the lawyer work once.
Why don't people check their contracts with lawyers? If it's because of a high estimated cost, is that estimation right?
Part of the problem (and therefore part of the solution) is that the choosing of contract terms asymmetrically benefits the employer, since they only have to do the lawyer work once.