PART TWO<\/p>\n
The key distinction between a non-competition provision and a non-solicitation provision is that a \u201cnon-solicit\u201d attaches to specific customers or individuals. While there is also a time period during which the non-solicit is in effect, such a provision does not restrict an investment professional from continuing to engage in the same or similar business as his former employer. It simply keeps the representative from soliciting individuals in which the former firm claims a protectable interest.<\/p>\n
Clients<\/p>\n
Non-solicitation clauses are perhaps the most commonly contested provisions in an investment professional\u2019s employment contract. Although the language in these clauses can vary, the intended effect of such a provision is to prohibit a departing representative from \u201csoliciting\u201d clients that he or she served while the representative was with the former firm. To be enforceable, there must be a specified time period during which the prohibition on solicitation will be in effect. (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" PART TWO The key distinction between a non-competition provision and a non-solicitation provision is that a \u201cnon-solicit\u201d attaches to specific customers or individuals. While there is also a time period during which the non-solicit is in effect, such a provision…<\/span><\/p>\n