It’s understandable how those individuals who have invested virtually all of their time, money and energy into building their business would want to do everything in their power to see operations expand and profitability increase.
One way to achieve this goal is by seeking out and retaining the services of employees who possess the necessary skill, experience, education and enthusiasm. Of course, this time-tested strategy is not without its own set of risks, as these talent employees could easily end up working for a competitor offering better benefits or more responsibility.
As discouraging as this may seem, the good news is that there is a step that business owners can take to protect themselves outside of changing their hiring strategy: non-competition agreements.
For those unfamiliar with non-competition agreements, they are essentially a pact that an employee signs upon hiring promising not to work for a competitor for a designated period of time in the event they leave the company.
While the prospect of having new hires sign non-competition agreements would likely help alleviate a certain level of anxiety on the part of business owners, it’s important to understand that they must be drafted carefully and narrowly in order to be considered legally enforceable.
At Kaufman & Forman, P.C., we have extensive experience in this very important area of employment law. We assists clients here in Georgia and across the U.S. with the drafting, review and negotiation of non-competition agreements. Furthermore, in the event litigation proves necessary, we are able to build a strong and compelling case demonstrating why a non-competition agreement is both valid and enforceable.
To learn more about our services in this area, please visit our website.