Contract with the broker for freelance work

[gabriell]

Hi,
I am freelancer who is making research reports for a couple of forex brokers (only oral agreements, no contarcts signed with them). I found a new broker recently who wishes to work with me but he insists that I sign a contract that I WILL NOT WORK WITH THE OTHER BROKERS....The broker is Cyprus based. I wonder if there can be legal problems if I violate this part of the contract (other brokers do not show my name under reports but still if they found out)? Does the broker need to specify these legal consequences in the contract? I am residing outside of Cyprus - shoudl I be concerned ? I am not planning to do anything which will harm their business just do not want to be tied to any one broker . They can sue me when I visit Shengen Area?
Thanks!
Dave

[Amethyst]

You need to negotiate the terms accordingly before accepting any offer of work. It sounds a little broad at the moment so you can narrow the terms to continue working for other parties - not sharing confidential info, not using knowledge gained from work for one broker to benefit another etc.

[AdamRichell]

It's a bit out of context, but be careful.