Starting Consultancy Guidelines

Summary

Non-compete clauses in Illinois must be reasonable, not impose undue hardship, and be supported by adequate consideration. Clauses without duration or geographic scope may be unenforceable. Consult a local attorney for personalized advice.

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I was wondering if I ma prohibited from strating my own consultancy.
Hello ****herish ****,
To start your own consultancy in Illinois, there are no general prohibitions. However, there are a few considerations:
- Business registration and licenses.
- Tax implications.
- Non-compete agreements if applicable.
****ould you provide more details, such as your field of consultancy?
I am salaried and our policy states that work away mut not compete or conflict with their interest.
Hello ****herish ****,
Based on the details you provided, it seems your employment contract may have a non-compete clause. In Illinois:
- Non-compete agreements are enforceable if reasonable.
- They should not impose undue hardship on the employee.
- They must be supported by adequate consideration.
****an you give more details about the terms of your non-compete clause?
It should be base on reasonable concersn
Hello ****herish ****,
Based on your response, it appears that your non-compete clause is based on reasonable concerns. In Illinois, a non-compete clause is considered reasonable if it:
- Is no greater than required to protect the employer's legitimate business interest.
- Does not impose undue hardship on the employee.
- Is not injurious to the public.
****ould you specify the duration and geographical scope of your non-compete clause?
Work away must not compete, conflict or compromise their interest and not affect job performance
Hello ****herish ****,
Based on your response, your non-compete clause seems to restrict any potential conflict of interest. In Illinois:
- Non-compete clauses should not restrict competition more than necessary.
- They should not unduly restrict your ability to earn a living.
- They should be limited in duration and geographic scope.
****ould you tell me how long this clause lasts?
There is no geographical scope. ALso I signed a conflict of interest regarding financial interset derive from purchase that result to increase income
Hello ****herish ****,
The absence of a geographic scope might make the non-compete clause less enforceable in Illinois. The financial interest clause you mentioned is common, aiming to prevent conflicts of interest. ****an you provide the duration of the non-compete clause?
There is no duration , it is imposed to current employees at all times
Hello ****herish ****,
In Illinois, non-compete agreements without a set duration might be seen as unreasonable and unenforceable. It's best to consult with a local employment law attorney for personalized advice.
Thank you.
You're welcome, ****herish ****. If you need further assistance, feel free to ask. Always consult with a local attorney for personalized advice.