There are a number of reasons a business owner may want to restrict the activities of employees, vendors, or customers. Max Julian takes 10-minutes to discuss Restrictive Covenants such as Confidentiality and Non-Compete Agreements, among others. Learn how to ensure a court will enforce your restrictive covenant, and how an employee’s duty to their employer is a common law agreement already in place.
Max’s previous legal talk covered the basics of contract law, and provisions that must be included in an enforceable contract. Find it here.
* 0:43 What are Restrictive Covenants
* 1:46 Types: Confidentiality Agreements, Employee Poaching, Non-Solicitation Agreement, and Non-Compete Agreement
* 4:04 Factors which determine whether a court will enforce a restrictive covenant: Position, Duration, Geography
* 6:42 The Faithless Servant Doctrine / Duty of Loyalty to an employer
* 9:12 The importance of proper documents
Gertsburg Licata is a full-service, strategic growth advisory firm focusing on business transactions and litigation, M&A and executive talent solutions for start-up and middle-market enterprises. It is also the home of CoverMySix®, a unique, anti-litigation audit developed specifically for growing and middle-market companies.
10-Minute Legal Talks to give insight into legal issues for non-lawyers and to share our experience with the community. The contents of this interview are for informational purposes only. It is merely intended to provide a very general overview of a certain area of the law. Nothing in this article is intended to create an attorney-client relationship or provide legal advice. You should not rely on anything in this article without first consulting with an attorney licensed to practice in your jurisdiction. If you have specific questions about your matter, please contact an attorney licensed to practice in your jurisdiction.