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Non-compete clauses: Room for improvement, but not inherently evil
How can companies use them in a way that strikes a better balance between their interests and those of their workers?
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MOM is aiming to roll out guidelines on non-compete clauses in the second half of 2024.
PHOTO: PEXELS
Khelvin Xu
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Non-compete clauses: Whether you are a junior white-collar worker or a senior high-flier, they can seem like traps that may blow up in the future. You hesitate for a second when you see them in the employment contract that has been placed before you, but end up signing anyway.
These restrict an employee from joining their former employer’s competitors, poaching their customers, divulging commercial secrets, or luring away former colleagues, immediately after leaving their present employers.
