Does a non-compete under New York law apply in all states?

I have been downsized "we can't afford to pay a senior sales executive" from my position as VP of Sales at a software company. I was hired in Tennessee, but the company is a New York corporation.
The termination agreement that I am being asked to sign would prevent me from "undertaking any endeavor that competes with any aspect of the company's business" and from investing in more than 1% of a competing company.
Is this enforceable?

1 answer  |  asked Oct 5, 2009 10:37 AM [EST] in Non-competition  |  applies to Tennessee

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Answers (1)

James Becker, Jr.
A noncompetition agreement can be enforced in Tennessee if it is reasonable. A lot will depend on the language of the noncompete, what you did and knew and what you are receiving in exchange for signing the agreement. In order to get any more conclusive answer as to the agreement's enforceability, you will need to sit down with a lawyer and the noncompete agreement.

posted by James Becker, Jr.  |  Oct 5, 2009 12:06 PM [EST]