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1. I am not a lawyer.
2. I have some experience with these types of contracts - or at least non-competition contracts with my work. Is there a clause in the contract stating that you can not work in the field for a period of time after the contract has ended? Otherwise, I think you're legally able to perform said services. Is it ethically wrong? I don't think we have enough information to judge that based on what you've told us. In the most general sense, I personally see no ethical problem, depending on the nature of the contract and/or any verbal agreement you may have had with your current employer.
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