Non-Compete Agreements and Restrictive Covenants
Do you have any protection? You make great investments in training, support and developing an employee's skills and relationships with your technology, customers and confidential information. Then that person leaves and uses all of that special knowledge to take your customers and business secrets to a competitor. How can you protect your company’s interests before that scenario takes place? Can you use a Non-Compete/Non-Solicitation Agreement to limit the damage? Yes, if you know how to draft one that is enforceable. The courts are suspicious of restrictive covenants that limit the employee’s ability to make a living. Many do not pass muster. Laws, such as the Defend Trade Secrets Act affect your ability to enforce agreements. However, if you understand the principles you can have effective and enforceable agreements. What do you need to know to protect your company and create an agreement that will survive judicial review and be enforceable? Please join Bob Gregg as he examines the key considerations for requiring that employees sign a non-compete agreement, factors that will impact whether an agreement can be enforced, and alternatives to a non-compete agreement that should be considered.