Covenants Not To Compete
As workforces grow more and more transient, companies must take steps to protect their confidential information and business relationships against unfair competition from former employees. O’Neil Cannon assists companies in all aspects of the law relating to protection of company information and customer relationships. Companies often use various types of contracts, referred to as “Restrictive Covenants,” to protect themselves. While most states permit such agreements, courts are making it increasingly difficult to enforce these agreements. The law also provides protection under trade secrets statutes and through fiduciary obligations.
Our attorneys can assist clients with the following types of covenants and agreements:
- Trade Secrets
- Non-Competition
- Non-Solicitation
- Confidentiality and Non-Disclosure
- Invention Assignments
- Return of Property or Information
- Employment Agreements
- Shareholder Agreements
- Stock Purchase Agreements
Our attorneys also provide many related services to clients including:
- Drafting agreements with consideration given to the ever-evolving state laws concerning restrictive covenants
- Advising companies faced with enforcement decisions concerning former employee’s violation of agreements or fiduciary obligations
- Reviewing agreements of potential employee candidates to assist companies in determining the risks associated with new hires
- Instituting or defending injunction or temporary restraining order (TRO) proceedings relating to restrictive covenants
- Litigating cases concerning enforcement or violation of non-compete, confidentiality, or other restrictive covenants
