Friday, September 13, 2013

Business Law

Non compete agreements atomic number 18 defined as agreements between employees and employers so that an employee stinkpot non compete with its employer after they are no retentiveer cultivate for them [ (Noncompete Agreement, 2011) ]. Non compete agreements are white plagued to protect companies so that no one else give the bounce use their secrets, customers or both new(prenominal) discipline that can be used to compete against them. If an employee was to change by reversal for one company and learn the job from them because disown and go to a nonher employer in the same field and use secrets or customers from the previous employer it would give the new employer an unfair advantage. there are many things to look at when drafting a non-compete agreement. maiden of all the agreement needs to be do sound and to be considered valid it moldiness be back up by consideration when it is signed, protect a legitimate conjuration interest of the employer, and be ap t in scope, geography and reprimand [ (Non-Competition Agreements: Overview, 2011) ]. In localise to have valid consideration employees moldiness receive something such(prenominal) as employment for signing the agreement. If an employer can show that information was kept secret by well-founded measures and gives the employee a competitive advantage accordingly it is protection of a legitimate business interest.
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When looking at being sensible as far as scope and geography then you must realize that it is only reasonable as long as these are kept within reason such as scope, you cannot have the agreement last longer th an the information is valuable, nor can it b! e farther than the businesses range of services allows them to invade [ (Non-Competition Agreements: Overview, 2011) ]. These contracts must always be in writing as a verbal contract because verbal contracts are not enforceable. In California non compete agreements are not dense unless they have to do with the sale of ownership interest or for a partnership. In section 16000 of the States Business and Professions Code it states that any contract which...If you want to get a full essay, hallow it on our website: OrderCustomPaper.com

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