Entrepreneur magazine periodically posts basic legal information. On the website currently is an excellent article regarding non-compete agreements. There are a variety of reasons why a company should have a valid non-compete agreement, such as protecting trade secrets. This article articulates a variety a circumstances where a non-compete agreement may not be valid.
There was also an interesting front page article in the New York Times regarding non-compete agreements in the restaurant industry. Because I am an actual subscriber to the print edition, I don't have a link. Anyway a common problem in the restaurant industry occurs when an employee opens a similar restaurant to the mother restaurant in the same city. For example, a former employee of Peter Luger's opened Wolfgang's Steakhouse in New York City. Perhaps if the proprietors of Luger's had its employee's sign a limited non-compete agreement, they would have been able to prevent the opening of Wolfgang's. Unfortunately, the case law is unsettled on this issue.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment