There are many ways to protect your business’s trade secrets and information, but it is essential to do it in a way that is legally binding.
In 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 on non-compete agreements, non-solicitation agreements, and trade secrets. The Prinz Law Firm is located in Chicago, Illinois.
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Protect Your Business’s Trade Secrets – 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.
- The Prinz Law Firm
- Tales from around the Water Cooler
- Bindra, Recent Trends in Noncompete Laws Across the United States, American Bar Association (February 21, 2018)
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