Congratulations! You found your dream job right here in Charlotte! You were hired a year ago and the job has met all your expectations: the work is interesting; you have made good friends among your co-workers; you anticipate a promotion in the near future; and the pay and benefits are great. Suddenly, management announces that the company is being acquired by a bigger corporation. Each employee is called in to a meeting with Human Resources and is told that in order to continue working, the company requires you to sign a non-compete agreement. This agreement says that should you be fired or resign from your job, you are prohibited from working at a competitor within the same city for 1 year. If you do not sign the agreement, you will be fired. If you do sign, you continue with your same job with the same responsibilities, pay, and benefits

Answer the following questions

1. Describe the significance of consideration in forming a contract.
2. If you sign the non-compete agreement, is it enforceable? Explain your answer by analyzing whether all the elements required to form a contract are established.
3. Cite your sources