Wells Fargo Insurance Services USA, Inc., or WFIS, is suing Alliant Insurance Services, Inc., a company that submitted a failed bid to buy the Wells Fargo unit. WFIS claims that Alliant gained insider knowledge while bidding to buy the unit and is using it in an "aggressive campaign" to poach top sales executives for its own benefit -- and much to the detriment of WFIS.
Non-compete agreements are a common element to employment contracts that sometimes catch a prospective employee off guard. Is it ethical, and even legal, for a contract to state that the employee is not allowed to work in a specific field after he or she has left the company? The simple answer is that yes, non-compete agreements are a normal part of many Houston companies’ operations, and it is legal to uphold the terms of these agreements as long as they have been drafted correctly. At The Jackson Law Firm, we understand how a non-compete agreement can be beneficial to your company, as well as the proper way to word such an agreement so a former employee cannot hold it against you.