Research your employer’s policy. In many cases, organizations agree to give employees 10 percent of the money that’s saved or earned after using an idea. Sounds good at first, but check whether the company imposes a cap of, say, $10,000 or whether you’ll keep collecting money after the first year.
If you’re sure you have a blockbuster bottom-line idea, you may want to bypass your employer and set up shop on your own.
But beware: Some employment contracts prohibit such moves by giving your employer rights to any ideas you develop that relate to its business.
- Continued employment may be enough to make noncompetes legal
- Be on guard for age discrimination suit if older worker offers to work for less
- What should we do once an employee exhausts FMLA leave?
- 4th Circuit: You don't have to hire applicant who sued former employer for FLSA violations
- Obama appoints pro-union attorney to NLRB