You’re Ready to Go Out on Your Own

The next post in the series, New York Employees: What Your Employer Knows and You Should Learn Now

You’re Ready to Go Out on Your Own. That’s great, but don’t prepare for the big move on your employer’s time.  And if you’re planning to go into the same line of work, don’t start up your company, begin to gather investors, or solicit your current employer’s clients, employees or contractors while you are still employed. Your employer might consider you a “faithless servant” and sue you for the losses it claims you cause it when you do start that new competitive venture.  Your former employer could also seek additional damages and go to court to try to get a temporary restraining order or injunction to prevent you from doing business with your “new” clients.