Trust you are doing well. Loved your blog and tried to go through all the related posts to find answer to my question. Unfortunately no luck.
I am a post graduate and an insurance professional, working with an insurance company and have been offered with a new position by another insurance company. Now in the offer that they have made contains a competency clause which is as follows:
"For one year from the termination of contract of your employment, you will refrain from competing and / or work for any organization with in UAE directly / indirectly competing with this company"
Such clause is so far on the offer letter and I am yet to accept the offer. My questions are:
1. Can companies put across such a clause in the labor contract?
2. Such clause are acceptable by MOL?
3. if I find another better opportunity in any other competing company after working for 1 year with this company and do not fulfill this obligation, what could be the implications?
Looking forward to your quick feedback as I have to respond to the concerned HR by Sunday 28th Feb 2015.
Many thanks in advance for your time & consideration.