Restrictive Covenants

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Nov 1, 2010 11:23 pm

Signed a restrictive covenant with a wirehouse.  Basically says I can't solicit business from existing cilents or anyone I contacted / met while working at the wirehouse for 1 year from when I separate from service. 

 About to sign offer from new firm.  Clause in the offer letter states: you are under no obligation or arrangement (including any restrictive covenants with any prior employer or any other entity) that would prevent you from becoming an employee of the Company or that would adversely impact your ability to perform the expected services on behalf of the Company   I'm wondering if I need to mention the fact that I signed the restrictive covenant at the wirehouse, since it is not going to prevent me from becoming an employee of the Company, nor is it going to adversely impact my ability to perform the expected services (since I do not plan on soliciting previous clients / contacts made while at the wirehouse -I am inheriting an existing book). My questions:1.) Is my interpretation of this clause vaild?2.) Do I need to bring this to HR's attention of the new firm in an effort of full disclosure (and if I do, is it likely to become an issue and prevent me from being hired)? Any insight is greatly appreciated.