India, Nov. 8 -- Post-contractual non-compete clauses between companies and managing directors need to be balanced in order to be effective.
Post-contractual non-compete clauses are designed to protect the interests of the company after the managing director leaves. For this reason, the parties typically agree that the managing director shall not perform work for a competing company for a certain period following his departure. In return, the managing director receives compensation for observing the period of non-competition. Our experience at MTR Rechtsanwalte https://www.mtrlegal.com/en.html shows that this kind of prohibition on competition needs to be balanced and that the managing director"s freedom to choose an occupation must not be...