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Illinois Non Compete Agreement Consideration - Vimarsana News

Illinois Non Compete Agreement Consideration

Illinois appellate court Midwest Lending Corp v. Horton PrimeLending Coan employer consideration for a restrictive covenant in addition to mere employment bonus payment, a promotion, a raise, stock options, severance program should be clearly spelled out in the pertinent agreement(s).

Illinois Court Requires Express Delineation of Any Non-Employment Consideration for a Restrictive Covenant | Epstein Becker & Green - Vimarsana News

Illinois Court Requires Express Delineation of Any Non-Employment Consideration for a Restrictive Covenant | Epstein Becker & Green

For the last decade, one of the biggest issues in Illinois noncompete law has been what constitutes adequate consideration for a post-employment restrictive covenant, apart from...