Key Considerations for Noncompete Agreements
“Companies grow by investing time and money in various resources, including their employees,” writes Cari Rincker in Rincker Law’s blog.
“Yet business owners are often anxious about losing their investment, i.e., the time they spend training new hires and the confidential information they share with their new employees. Once confidential information is shared, there is a risk that an employee will leak the company’s trade secrets to a competitor, or quit and create a competing business using the confidential information. To help guard against this, many companies have employees sign a noncompete agreement when they are hired.”
