May 2012

News, commentary and legal updates from the attorneys in the Employee
Defection and Trade Secrets Practice Group at Fisher & Phillips.

Eight Reasons Small Businesses Should Use Non-Compete Agreements

May 31, 2012 00:01
by Michael R. Greco

Small business owners understandably may be reluctant to use non-compete agreements for many reasons. The desire to divert precious resources to paying an attorney to prepare a contract is hardly appealing. But an ounce of prevention is worth a pound of cure.

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Non-Compete | Trade Secrets

Tags: Confidentiality Agreements, Nondisclosure Agreements, Nonsolicitation Agreements, Liquidated Damages, Injunctive Relief, Mergers & Acquisitions

Do narrowly tailored non-competes favor or hinder fair competition?

Even narrowly tailored non-competes hinder fair competition. Employers are adequately protected by existing trade secret law.
Appropriately drafted non-competes favor fair competition because they encourage employers to entrust confidential information and key relationships to employees.
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