Hi all -I am currently employed as a sales rep for a SAAS company. Upon my employment, I signed an NDA that states all ideas/inventions I have during the term of my employment are property of the company. It also mentions something about that lasting for 6 months after my employment has ended before I can “compete.”That being said, I have an idea for a software solution in the same industry I work in now. I am seriously interested in drafting up a business plan, and then considering to move forward pending the business plan looks viable.BUT… what do I do about this NDA? I don’t want to build a company and then get sued and lose ownership. It seems like everyone would start businesses in their same industry where you worked because that is where your knowledge lies.What are the chances you think a company would actually sue for this?Are there “statue of limitations” for how long an employer has until they can sue?If sued, what are my risks? Could they sue to own the entire business? Just sue for profits made while I was employees by my current company and working on my new company?Any recommendations on how to best navigate this?Thanks for any insight you can provide. see hubwealthy.com/wealthy
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