Hidden covenant clause sees adviser banned from Intrinsic

Graeme Brown had worked for London-based Scottsdale Consulting, an AR for the Intrinsic network, for a year before deciding to leave last month. Unfortunately for Brown, an unseen contract between Intrinsic and Scottsdale prevents him from working for the Intrinsic Network for the rest of his life. The restrictive covenant was not in his own contract with Scottsdale but exists at board level between Scottsdale and the network. Brown was told about the covenant after he had paid £570 for a consumer credit license in preparation for joining Intrinsic as a sole trader. Brown explai...