If you do sign, be sure to define in very very precise terms the definition of "her market"

I used to work with a woman that signed a non-compete with a client and the client then threatened to sue for breech since she maintained other clients (there was no pre-existing client clause, nor was there a specific definition of market, etc). I was involved since I was the guy doing the actual code slogging, but I never signed anything (I did get a nice threatening letter from his lawyer at one point).

They eventually settled and the guy was basically doing it to be a prick (I guess she used to work for him a long time ago or something like that), but it got really ugly for awhile.

Compensation is one thing, but be sure you're not inadvertently signing away your right to work on the web even in another "market"

Hell, double or triple the price if she wants you to sign that bad ;-)

will
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