Q: Is a non-compete agreement in North Carolina signed by an existing employee enforceable if no consideration is given?
Employee of 7 years told to sign agreement in 2014 or find a new job. Trying to leave job and they are threatening to enforce it.
A: Every contract has to have consideration to support it. Therefore, if there is no consideration, there is no contract. A couple of things to note. First, consideration is anything of legal value and not just money. Second, even if the contract is legally unenforceable, the employer may file a lawsuit seeking to enforce it. I recommend you speak to an employment attorney as soon as possible.
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