Nine Strategies for Protecting Your Business against Unfair Competition after FTC’s Ban on Non-Competition Covenants
…from general risks of human resource turnover, stakeholders risk future abuses of trade secrets and confidential information that could impair enterprise value or even enterprise viability. Franchises and foreign-based employees are excluded. What is a Non-Competition covenant? Under a “noncompete” agreement, an employee agrees that, after leaving a job, he or she will not work for a competitor for a limited time in a limited geography. The FTC’s…