What Employers Should Know Non-Compete Agreements

Many employers have well-founded concerns about their top employees leaving and going to work for the competition. A well-drafted Non-Compete Agreement can help alleviate some of these concerns, but there are a few key points to keep in mind.

A Non-Competition agreement is a restrictive covenant, limiting the rights of employees to pursue other employment. Because of this, they can often be disfavored by Courts and not strictly enforced. An agreement not to compete must be in exchange for valuable consideration to the employee. Further, a well-drafted Non-competition agreement should be specifically tailored and reasonable as to the period and geographical scope for which it covers.

Failure by an employer include the proper language, can lead to the agreement not to compete being effectively worthless. An experienced North Carolina contract attorney can help to ensure that your companies Non-competition agreements keep the employees that your worked so hard to train and mentor, from leaving for your competitors. 

Let The Law Office of W. Randall Holcomb be your legal advocates. Contact the firm online to schedule a consultation with a small business lawyer. You can also reach the office by calling (336) 888-8760 or visiting their Facebook or Twitter page.