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Non-competition and Non-solicitation

April 14, 2015 07:13 AM 1
Total Posts: 45
Join Date: November 27, 2008
Rank: Executive
Post Date: January 1, 1970
Posts: 45
Location: India

Non-competition and Non-solicitation

Dear All,

 
I am about to join an organization who has asked me to sign a non-competition and non-solicitation contract for a period of 12 months after termination of employment terms.
 
I'm curious to know what are the legalities around this  and how is it effectuated in practice. Additionally, what could be the consequences if there is breach of such terms.
 
Best Regards,
 
Dipankar