Protecting Your Trade Secrets and Confidential Information

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There are many ways in which companies can protect their information, but it is essential to do it in a way that is legally binding.

On this episode, Amit Bindra from The Prinz Law Firm initiates our discussion on non-competes, non-solicitation, and confidentiality agreements. We examine different types of contracts and agreements, and how they could help you as a business owner protect trade secrets, both yours and those of your clients.

Amit practices employment law and does a lot of appellate work. His employment practice is focused towards non-compete agreements, non-solicitation agreements, and trade secrets. The Prinz Law Firm is located in Chicago, Illinois.

Key Points

  • Non-compete agreements and what they mean for an employee.
  • Understanding non-solicits and what happens when an employee leaves a company.
  • Confidentiality or non-disclosure agreements.
  • Protecting trade-secrets and the laws that govern protection.
  • The difference between a non-compete and a non-solicit.
  • Overlaps in confidentiality and trade-secret agreements.
  • The case of Jimmy John’s and how it relates to non-competes.
  • About 14% of employees who make less than $40,000, are subject to a non-compete.
  • Not all non-compete agreements are enforceable.
  • What influences the duration of an agreement?
  • Factors that determine whether a court will uphold or modify an agreement.
  • Benefits of making employees sign an agreement.
  • Write clauses in a way that ensures you get a favorable judgment in case of litigation.
  • How long does employment have to be before an agreement becomes enforceable?

Whether you’re an employee or an employer, you will get a lot of information from this episode.

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