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I currently work full time for a Fortune 500 company and I have a startup idea and business plan in the same area I work . Is it illegal to register my own company while working for my current one?

You cannot start a company while working in a company that is already in the same domain of work. At the time of joining, the company in the employee contract covers the clauses where they ensure that their employees are not director in any other company or they do not have their nature of interest in any other company which are working in same domain...

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