A noncompete clause in an employment contract can be an effective way to keep a worker from leaving to work for a competitor for a defined period of time after he or she stops working for you. Sometimes independent contractors have as much, or nearly as much, company-specific knowledge as employees. So the question is … Read more
Not so fast. The loss of a good worker means the hassle of hiring a replacement, training the new person. and getting other workers to pick up the slack in the meantime. It’s even worse if the departing employee had specialized skills, intimate knowledge of your operations and information such as customer lists or trade … Read more
Michael Holton was the president of a cancer radiation services company. When he took his job, he signed an agreement saying that if he left, he wouldn’t disclose any confidential information or trade secrets to a competitor for at least a year. After the company merged with another business, Holton was terminated. A month later … Read more