As an employer, it can be difficult to keep on top of all the paperwork that should be in place to protect you. It is likely that many of your employees hold information that is vital to your company, and it is extremely important that none of this information gets into the hands of competitors.
In order to tackle these risks, you must adopt procedures that ensure all contracts prevent employees from taking company sensitive information and skills elsewhere. This usually can be enforced within a noncompete agreement. When done right, these agreements along with confidentiality agreements can keep your company secure.
How to draft a noncompete agreement
It is easy to air on the side of caution when it comes to drafting a noncompete agreement. You will want to protect everything that you can. However, it is important that you are not too precious and demanding when it comes to what you expect of your employees. If you make only reasonable requests in the agreement, it is much more likely that your requests will be respected, and therefore, complied with.
Make sure that you back up your requests with references to the law
Making sure that the requests that you are making in your noncompliance agreement are compatible with the law is vital. If they contradict any part of the law, they can become invalid. It always helps to reference the law within the agreement so that it holds more strength.
Drafting a noncompliance agreement can be difficult to do; however, when done right, it can save you a fortune in legal fees and lost company information.
Source: Entrepreneur, “How to Draft a Non-Compete Agreement That’s Actually Enforceable,” accessed March 30, 2018