New York Supreme Court witnessed the filing of a law suit brought by Merrill Lynch - now merged with Bank of America, against Germany’s Deutsche Bank over stealing financial employees. The legal leg this case stands on is a violation of a non-compete agreement.

The Merrill Lynch financial employee in question failed to honor the time period stated in his non-compete agreement with the company when he left to accept employment with Deutsche Bank.

Many corporations include non-compete agreements with their employment agreements for just this reason. Within the current employment crisis, this legal document can be a deterrent as mergers, failings and changes of control are quite common in both large and small companies.

The non-compete agreements for many of the top companies and corporations making use of these legal documents can be found at the online legal document resource RealDealDocs.com website.

RealDealDocs.com is a division of Practice Technologies, Inc. the creators of SmartRules.com.
SmartRules provides step by step guides to local rules and civil procedure for state courts & federal courts throughout the country.

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