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Does the employer have the right to ban a employee from having a side hustle?

Min George

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A friend of mine that is working for an oil and gas company told me that staff working in their company are banned from having a side hustle.

Does the company have the right to ban a staff from having a side hustle?
 
I'm surprised the employment contract allows the company to prohibit side businesses to prevent conflicts of interest. You have to make sure he reads the paperwork carefully so he doesn't lose job and his capital by violating those rules.
 
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