Non-Compete Agreements
Professionals should be wary about signing a non-compete agreement without fully understanding its terms and application. An employee should know that non-compete agreements limit their future opportunity to obtain other employment within their industry.
Non-compete agreements are a means for businesses to protect their investment in client development. Companies invest substantial amounts of money in creating processes, training employees, and marketing to prospective clients. Non-compete agreements are not intended to be a means of excluding an individual from continuing to make a living while working in the same industry as a former employer.
Our lawyers advise executives as to the specific obligations they are undertaking by signing a non-compete agreement and help executives negotiate their way to a better severance package.
Our attorneys can also help businesses prepare a standard non-compete agreement that protects the company’s interests and remains enforceable.
Non-compete agreements must be carefully drafted to remain enforceable. Geographic scope, duration, and industry application must all be limited to accommodate a legitimate business interest of the employer.
Regardless of whether you are the employee or employer, consult with a non-compete agreement attorney. The attorneys at The Prinz Law Firm are experienced with drafting, negotiating and litigating non-compete agreements.