Monday, September 9, 2013

TIPS60 - What is a Non-Compete Agreement?

Here is another of our videos offering tips and inisights into the business of photography. a transcript of the video is included after the jump.

(Continued after the Jump)

TRANSCRIPT:Here are a few thoughts on Non-Compete Agreements. I'm John Harrington. A Non-Compete Agreement is essentially an agreement that someone enters into with you or you enter into with someone else that says if you and I are doing business and I'm hiring you often as a photographer, for example, that you won't then compete with me for my same clients. Non-Compete Agreements are important because it preserves your ability to maintain your clientele without fear that when you hire a subcontractor that that photographer isn't going to then in turn poach your clients. The challenge, of course, is that non compete agreements, oftentimes, are un-enforceable for a variety of reasons. It's not like you're selling a widget. It's not like you're procuring a particular technological person who is capable across a spectrum of things when you're dealing with photography. Non-Compete Agreements are important, but at the same time they are often difficult to enforce.

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