i handed my notice in
the wording is as follows: 15.2 without the written prior consent of the Employer and whether alone or with others, directly or indirectly for your own benefit or the benefit of any person or organization you shall not suring your employment and for a period of six months after its termination:
15.2.1 in competition with the Restricted Business, seek to procure orders from, deals or carry on business with, or transact business with, any client or counterparty of the Desk (or any desk to which you are moved in accordance with your employment contract or thes eterms and conditions) of the employer or and Associated Company(whether a Company or an individual) with which or whom you have had material and/or regular dealing in the course of your duties or, where this provision would apply after your employment ends, any time during the twelve months prior to its termination.
I need to know if it is legally bounding or it could be voided in court
i have no idea what restricted business would be i can only imagine it would be due to being a metals broker. and the clause was within the contract which i signed, however it wasnt pointed out to me or highlighted in anyways
i have just seen that in the contract regarding "Restricted Business"
"Restricted Business" shall mean the business or any part of the business and which in either or both cases:
15.3.1 is carried on by the Employer or any Associated Company at the date of termination of your employed;
15.3.2. was carried on by the Employer ort any Associated Company at any time during your employment or, where the relevant provisions would apply after your employment end, any time during the twelve monts immediately proceeding the date of its termination
15.3.3 is to your knowledge to be carried on by the Employer or any Associated Company at any time during the 12 months immediate following the date of termination of your employment
and which you were materally concerned with/worked for or had management responsibility for in either case at any time during your employment or, where the relevant provisions would apply after your employment end, any time during the period of 23 months immediately prior to the date of it termination
Yes there is another job lined up however my boss told me that the clasues would be void and i would be free to start on the 14th September therefore the job offer may not still be help for 6 months whilst i am held out of the market
the new employer wont let me sign the new contract with these clauses in place for that reason, thank you for the advise though guess i am stuck!