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Non-Compete Agreements
Contracts signed between an employer and a newly hired employee are called “Non-Compete Agreements”. These are signed at the start of their business relationship. A Non-Compete Agreement prohibits an employee from competing with that business for a specific period of time after their employment has ended.
When hiring an employee, most employers are not thinking about what will happen if the employment ends. However, depending on the employee’s role within the company, this is something employers must think about to ensure that the company’s interests are protected if that employee leaves the company. This is where non-disclosure and non-solicitation clauses are necessary. These clauses are designed to prevent employees from engaging in a wide variety of competitive activities that could disrupt a company. Some of these activities include working for a competitor, disclosing confidential trade secrets or soliciting the employer’s valuable customers and employees.
Non-compete agreements are not a one-size-fits-all. They should be specifically tailored to your own business needs so they must be properly drafted. The Law Offices of Edward P. Graham understand the intricacies of these agreements. Our attorneys have the skill and experience to assist you with your Non-Compete Agreements. Feel free to contact our offices in Naperville, IL at (630) 357-2333 or in Chesterton, IN at (219) 797-7820.