I have been offered a position with a professional service company that is asking that I sign a non-compete agreement. Having spent the majority of my career in large enterprise environments non-compete agreements are new to me. This particular agreement seems particularly restrictive ... to the point that I wonder whether I could legally find employment should we ever part ways. I have included a couple excerpts below for reference. Is this a common place in the professional services arena? jas >1. For a period of one (1) year commencing with the termination, for >whatever reason, of my employment with the Company, Employee will not >solicit, assist in the solicitation or accept professional services >similar to those provided by the Company from a business entity for whom >either the Company or Employee has performed services within the last year >of Employee's employment with the Company. If, within one year commencing >with the termination of Employee's employment of the company, Employee >does solicit, assist in the solicitation or accept professional services >similar to those provided by the Company with a business entity with whom >either the Company or the Employee has performed professional services >within the last year, employee agrees to compensate the Company, 50% of >the revenue generated from that business entity for a period of one year, >based on customer invoices. Payment of this amount will be due to the >Company on a monthly basis 30 days after Consulting services are rendered. > >2. Further, Employee agrees that during the period of Employee's >employment and for one (1) year after termination of employment, for >whatever reason, Employee will not solicit and/or assist in the >solicitation of any employees of the Company to leave the Company's >employ. If Employee does solicit employees of the Company during >Employee's period of employment or one year thereafter, Employee agrees to >compensate the Company $50,000 to help offset costs to replace >employee. Payment in full is due within three months of hiring solicited >employee.
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