There are few companies that are as successful and well-known as Walmart and Amazon. However, companies don’t have to pull in hundreds of billions of dollars in annual revenue to face some of the very same challenges that these and other large companies face.
For instance, employers in Albuquerque might have employees sign non-compete agreements, just as Walmart does. And if an employee violates that agreement, employers can take similar actions to those Walmart is taking against one of its formal top tax executives.
Walmart versus Amazon
Walmart is asking the courts to stop the former chief tax officer from joining Amazon, one of its largest and closest competitors. The former employee is allegedly party to an agreement that prohibits her from working with companies that pull in more than $7 billion in revenue per year for at least two years after leaving Walmart.
The retail giant argues that taking a job at Amazon violates that agreement. A Walmart spokesperson also says that the former executive had access to and knowledge of sensitive information in her role at the company, including plans for its online business and potential acquisitions. Such information is not available to the public, and Amazon could use it to its advantage should the former employee share the information.
Now, Walmart is asking the courts to enforce the former executive’s non-compete agreement to stop her from working in a competitive position for Amazon and from sharing or using confidential information. Whether that will happen or not remains to be seen.
Enforcing non-compete agreements in New Mexico
Whether you are an employer or an employee, it is important to take non-compete agreements seriously. From drafting and reviewing them to complying with and enforcing them, there can be a lot on the line, including job opportunities and corporate information. Therefore, it can be a good idea for all parties to consider discussing their legal options regarding these agreements with a knowledgeable attorney.