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[QUOTE]Originally posted by N8: [QB] [QUOTE]Originally posted by Wolfie351: [qb] There is no such thing as a guaranteed job. They can give you a contract, but that's for money, not a job. They can buy out your contract at any time or fire you for gross misconduct which will be written into the contract. You will also be required to sign a non-compete clause, probably for 3-5 years. So, if you do get let go, you can't start a business that competes in any way with them for that length of time. Business attorneys have all sorts of formulas to determine a company's worth. But, they do not factor emotions into it. If you decide to sell, have a number in your head of what it is worth to YOU, not some calculated number. [/qb][/QUOTE]Yea, I spoke to a attorney yesterday and he gave me the run down of what to expect. And one glaring one was that I cannot start another business in that sector for a allotted time frame. I forfeit the trademark I use for the company. And you are right, I would guaranteed a salary not a job. Also they could buy out that salary at a reduced cost or something like that. I will view the proposal to see what is up, because at this point it was implied/conversation proposal. I am planning a meeting with my employees to discuss this option after I get the proposal and meet with an attorney. [/QB][/QUOTE]
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