I have been working for a small company for over 4 years, and never signed a Non-Compete or Non-Disclosure Agreement.
Recently, the company has restructured and one of the new procedures is for all new employees to sign a NC/NDA when they are hired.
The discussion has come up very minimally to have all existing employees sign a NC/NDA.
Can a company require you to sign a NC/NDA (it wasn't part of the initial hiring requirements)? Can they terminate you for not signing?
There is no real benefit for me to sign, so can I ask for compensation in return for signing the agreement? What is reasonable compensation? (I am sure it will depend on how valuable the product and knowledge is)
If I ever decide to leave the company, is there any 'assumed' NC/NDA, or can I get a job down the street working for the competitor, designing the same products? (patented designs withstanding)
I like my current job and the company, and am not planning on leaving any time soon, but would like to know my options/requirements beforehand.
Thanks
Recently, the company has restructured and one of the new procedures is for all new employees to sign a NC/NDA when they are hired.
The discussion has come up very minimally to have all existing employees sign a NC/NDA.
Can a company require you to sign a NC/NDA (it wasn't part of the initial hiring requirements)? Can they terminate you for not signing?
There is no real benefit for me to sign, so can I ask for compensation in return for signing the agreement? What is reasonable compensation? (I am sure it will depend on how valuable the product and knowledge is)
If I ever decide to leave the company, is there any 'assumed' NC/NDA, or can I get a job down the street working for the competitor, designing the same products? (patented designs withstanding)
I like my current job and the company, and am not planning on leaving any time soon, but would like to know my options/requirements beforehand.
Thanks