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Feature Article: Restrictive Covenants |
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Practical Tips: Overcoming Disappointment |
Restrictive Covenants
If you are a senior executive, you have probably been asked to sign a restrictive covenant as a condition of your employment. A restrictive covenant is an agreement between parties in which one party agrees to be limited in some way. The most common types of restrictive covenants in the workplace are confidentiality agreements, non-disparagement agreements, and non-compete agreements. Since all of these agreements are drafted by corporate lawyers, recognize that their first mandate is to protect the company. It is your responsibility to look out for your own interests. Naturally, your personal attorney is your best source of legal advice.
Confidentiality and non-disparagement agreements are generally pretty straightforward and are designed to protect the company’s intellectual property and reputation.
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Practical Tips: Overcoming Disappointment
According to a study from the University of Toronto, it’s easier to recover from a disappointment, like being passed over for a promotion or a less-than-perfect performance review, if you place a symbol or written description of what happened into a box and seal it up. I just taped up my shoebox with a note that said, “Didn’t win lotto.” Hey, it’s worth a shot!
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