Updated Wednesday, December 17, 2014 as of 4:32 PM ET

Changing Employment Contracts: Negotiate, Accept or Walk Away

Question: My brokerage firm terminated me recently. I had a contract with them that said if I was terminated for any reason, all clients belonged to them, but they’d pay me for my book of business based on the value as of the end of the most recent quarter. Since the end of the first quarter and now, however, I added a few big clients so I think my book is worth more than what they’re offering. The firm has said they’d pay me the additional money but, in exchange, they want me to sign a noncompete. Can they force me to do so?

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