Pros & Cons Of Non-Compete Agreements

YoungUpstarts

Non-compete agreements can be an effective tool to protect these assets. Under the right circumstances and when properly drafted and implemented, non-compete agreements are enforceable in Florida. Non-compete agreements must be limited in time and geographic scope.

It's All About Talent (part 2) - Eliminating Non-Competes

Seeing Both Sides

For the last few years, many leaders in the Massachusetts innovation community have been arguing that non-compete agreements should be eliminated. Many studies have shown that non-compete agreements reduce R&D investment and stifle innovation.

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The Case Against Non-Compete Agreements

Inc Startups

Thus you require employees to sign non-compete agreements so you can protect your trade secrets and your talent pool. I would think non-competes would be even more necessary in a business climate where the average length of employment is pretty short.

Your Non-Competes Aren't Saving Your Business, They are Destroying Lives

Inc Startups

Non-competes for salespeople and executives? For everyone else? HR/Benefits

Competing Against Non-Competes

Inc Startups

5000 CEO says it''s time for non-compete clauses to go. That is why I am a firm believer that we need to take collective action--within both the public and private sectors--and, once and for all, universally eliminate non-compete clauses. What Are Non-Competes?

Primary Problems with Enforcing Non-Compete Agreements

YoungUpstarts

Businesses often require employees to sign non-compete agreements to protect their business interests. However, just because an employee has signed a non-compete agreement does not make the agreement valid under the law. Non-Compete Time Period.

The Business Case Against Asking Employees to Sign a Non-Compete Agreement

Inc Startups

Non-compete agreements may be on the rise, but they''re not the best way to protect your business--for many reasons

Non-Compete Agreements: Bad for Business?

Inc Startups

Rob Stevens, vice president of sales and marketing at GrabCAD, writes in Xconomy how non-compete agreements--contracts that keep employees from leaving your company to work with competitors--are bad for business. Some states, like California, do not bother with enforcing non-competes.

Does You Really Need a Non-Compete?

Inc Startups

Up this week: How to handle an employee who won't agree to a non-compete. Dear Jeff, I'm in the process of hiring a new employee and he says he will refuse to sign our standard non-compete agreement. So a non-compete makes sense.

Georgia Non-Compete Vote Impact

Force of Good: a blog by Lance Weatherby

Given the wording of Georgia amendment one there was never any question in my mind that it would pass. But some of the statements made in the Jobs of Tomorrow funded robo-call sent me a little over the top and set VoteNoOn1 in motion. When I do something I like to measure.

Help Ban Non-Competes In Massachusetts

Altgate

How to Protect Your Top Talent Against Poaching

Inc Startups

The age of non-compete agreements is coming to an end. Here are better ways to make sure you don't lose top employees

Signing a Noncompete Agreement? Read This First

Inc Startups

38 percent of workers--from executives to wage staff--have been asked to sign a non-compete agreement. Here's what you need to know if you're ever asked to sign one

Watch out for the gray areas in non-competes.

Berkonomics

Certainly the buyer’s asset purchase documents included a non-compete clause, usually valid for two years from the date of the closing. Separate confidentiality from non-compete, and obey the confidentiality clauses. The non-compete agreement does expire when stated. Some clever buyers try to slip in an unlimited non-compete, and some courts have upheld this. Does the non-compete start anew upon the employee’s departure?

Georgia Non Compete Act Faces First Constitutional Challenge

Force of Good: a blog by Lance Weatherby

While MMM makes it clear that the alert is not legal advice it is also clear they feel companies need to wait before creating new more restrictive non-compete agreements. Not too long ago John Yates and Morris, Manning & Martin launched MMM Tech Law. It's nice and they have a quickly growing MMM Tech Law LinkedIn group with over 1,200 members to go along with it. The group is a who's who of the Atlanta tech scene.

Jimmy John’s Serves Up a Lesson on How Not to Treat Your Employees

Inc Startups

Have you ever considered that the person who made your sandwich is bound by a non-compete clause that''s stricter than your senior vice president''s clause

18th Centurey British Textile Industry and Non-Competes

Immersive Web

Immersive Web Home About 18th Centurey British Textile Industry and Non-Competes In another chapter of “There is Nothing New Under the Sun”, we find a close comparison between the attempt to control information for economic superiority and the economic impact of free flowing information. Employment non-competes will end up like Britain’s — shackles that fail in the end.

Protect Your Startup From The 5 Most Common Employment Law Risks

Early Growth Financial Services

Restrictive covenants — Employers often use non compete and non solicitation clauses to retain employees. While non competes are not … Continue reading → Legal Why worry about employment law risks when you have enough things to focus on: building your team, getting traction, and lining up funding? Well, as the adage goes, “an ounce of prevention is worth a pound of cure.”

Thinking About a Non-Compete Agreement with Your Co-Founder? Then Find a Different Co-Founder

Inc Startups

I do not need an NDA with someone I trust, and conversely, if I thought I needed an NDA to coerce silence, I would be really careful about what I shared. Startup

NDA 0

Ethics and Morals

A VC : Venture Capital and Technology

There was no NDA or non-compete between the parties involved so it is not clear that anything illegal transpired here. At the end of the Berlin talk I posted yesterday, there was a question about ethics. It was directed at startups and how they build a culture of ethical behavior. But ethics and morals is an issue that extends beyond startups. It is an issue for all businesses and business people. The Gotham Gal recently told me a story about one of her portfolio companies.

NDA 85

What about previous company non-competes?

Berkonomics

What is the rule about those pesky non-compete agreements signed upon discharge or sale of the previous company? The good news is that if you were not a significant (usually 5% or more) selling shareholder of a previous company, many states specifically exempt non-compete agreements signed between companies and their employees or minority shareholders. Entrepreneurs tend to remain in the business arena they came from.

Thoughts on Winner-Take-All Businesses

Startup Economy

Though his blog makes a case for why you need to be in Silicon Valley, that got me think about the non-compete agreement prevalent in MA. With the non-compete in place, employees can oly jump over ship to unrelated industry and are forced to forego the relevant experience built over time. If they were in MA, non-compete clause would've required them to work on something else that they cannot capitalize on previous experience.

Protecting Your Business Idea

YoungUpstarts

Anytime you decide to bring in someone who does not have a stake in your business idea you should have them sign a binding Non Disclosure Agreement or NDA before you tell them or show them a thing. Non-compete Agreements Before and After Hiring.

Key Contracts Every Business Must Use

YoungUpstarts

Whether a business is contemplating entering into a partnership, hiring a service provider or in the process of selling itself, a non-disclosure agreement should be utilized when information is shared with third parties. by Tej Prakash, co-founder of ShouldiSign.com.

10 Steps To Finding The Right Startup Co-Founder

Startup Professionals Musings

Use caution to avoid employer conflicts of interest and non-compete clauses. A common challenge faced by every entrepreneur is that they don’t have the bandwidth, interest or skills to do everything that is required to build their startup.

Five Legal Pitfalls That Sink Many Good Startups

Startup Professionals Musings

Then they realize that they have talked to many people without signing non-disclosure statements, precluding a patent, or someone else has now beat them to the filing docket. Founders ignore non-compete clauses from former employers.

7 Shortcuts That Can Kill A Startup Business

Startup Professionals Musings

Clarify up front the potential for a conflict of interest or violation of a non-compete clause, and confirm the answer in writing. Remember that all businesses, even non-profits, require revenue to survive and prosper.

Tough Competitors Are Your Best Strategic Partners

Startup Professionals Musings

Always start with a formal proposal, limited in scope to a specific common objective or technology, for a limited amount of time, bounded by a two-way non-disclosure statement. Every startup has a core competency which should not be shared. Expand core competency and solidify strengths.

The Biggest Marketing Challenges for Small Businesses

Duct Tape Marketing

One of the most overlooked sources of leads for any business is the pool of non-competing businesses that serve the same target market. The Biggest Marketing Challenges for Small Businesses written by John Jantsch read more at Duct Tape Marketing.

5 Startup Legal Shortcuts That Can Be Expensive

Startup Professionals Musings

Then they realize that they have talked to many people without signing non-disclosure statements, precluding a patent, or someone else has now beat them to the filing docket. Founders ignore non-compete clauses from former employers.

Five Legal Traps Every Entrepreneur Should Avoid

Startup Professionals Musings

Then they realize that they have talked to many people without signing non-disclosure statements, precluding a patent, or someone else has now beat them to the filing docket. Founders ignore non-compete clauses from former employers.

When is a Startup Non-Disclosure Really Required?

Startup Professionals Musings

Entrepreneurs often get the advice from their lawyers and friends to always get a Non-Disclosure Agreements (NDA or CDA) signed before disclosing anything about their new venture. I recommend a mutual non-disclosure, with a non-compete clause, for protection in both directions.

What Do You Do When a Former Key Employee Becomes a Competitor?

Small Business Force

And, because you were just starting out and the thought of a non-compete agreement was probably not even on your radar. It happens every day.

10 Effective Offline Marketing Ideas for Startups in 2015

Up and Running

Create strategic partnerships with non-competing businesses in your area. Billboards: definitely offline. Most of us believe that these days, digital marketing is the only way to get results.

What Start-Ups Need To Know About Employment Law

YoungUpstarts

It covers all employers, whether unionized or not, that meet a certain threshold of interstate commerce activity, and provides even non-union employees rights to certain “concerted, protected activities.” Image credit: Contract from Shutterstock.

4 Things You Need to Know Today

Inc Startups

Goodbye, Non-competes? Massachusetts Governor Deval Patrick proposed legislation to eliminate non-compete agreements in his state. A roundup of the day''s news curated by the Inc. editorial team to help you and your business succeed.

7 Ways That Startup Competitors Can Win By Partnering

Startup Professionals Musings

Always start with a formal proposal, limited in scope to a specific common objective or technology, for a limited amount of time, bounded by a two-way non-disclosure statement. Every startup has a core competency which should not be shared. Expand core competency and solidify strengths.

Startups Need Mergers And Acquisitions For Growth

Startup Professionals Musings

Use external sourcing to fill in the non-critical gaps. Don’t use alliances for core competencies. Rather than push non-compete agreements on your superstars, it’s more productive to create incentive systems and creative ways for them to work more independently, just for you.

For a Startup, Two Heads are Always Better Than One

Gust

Watch out for non-compete clauses, and conflicts of interest with the current employer. Sergey Bin and Larry Page image via Wikipedia for Google.

5 Ways To Protect Your Idea From Theft

YoungUpstarts

Non-Disclosure Agreements – A non-disclosure agreement helps to protect your idea by committing all the parties you are working with to confidentiality. Have they supported any competing businesses in the past? by Lewis Robinson.