Non-competes in RI

hmason

I stumbled on this article about how non-compete agreements are stifling the tech industry in Mass, and I was curious what you all thought about the situation here in Rhode Island.

http://www.infoworld.com/artic...

Are they really a "silent killer" of startups? What do you think?

Hilary

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Comments

aktear

aktear

I don't find non-competes to be a major factor in startup considerations by serial entrepreneurs, although they may be inhibiting the number of startups that emerge from the larger corporate technology groups that exist in the RI. Something is - I've always been surprised at how few startups have emerged from the bigger corporations here.

Most lawyers I've spoken to say that non-competes are by-and-large unenforceable, as the individual's right to make a living is a trump card. Other legal protections around intellectual property and theft of trade secrets take care of "real" competitive threats, like an employee taking your core idea and doing the same thing, or stealing your customers.