Say, I am working for a company in a project where client is Microsoft. Can Microsoft give me a direct employment offer if they are impressed with my work or will it violate non-compete clause of current company?
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You cannot join Directly at MS. They have a six month cool off period. Even if you attend MS interview directly you still need to wait 6 months!
Tell Microsoft about it, if they have no issues then go ahead and join. Nobody will come after you, nobody cares if you're alive or dead after you left the organization.