My contract says I cannot work for a competitor of my current employer upon termination of the contract and six months thereafter. There are no remedies mentioned in the contract.
I work in a small field of cyber-security and there are not many companies in this field in the UK. I never really paid attention to this section nor imagined it would be enforced but now coming to accept an offer from a competitor.
My role in the current company, they would argue, is substantial and I'm exposed to critical business decisions however I am not an executive and do not sit on the board.
Assuming I will go ahead and move to a competitor:
- What legal risks am I exposed to?
- What legal risks would my new employer would be exposed to (if any)?
- Am I required to notify the new employer on the issue?