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Article: Noncompete agreements: a practical--and enforceable--approach.(Legal)
- Article from:
- Detroiter
- Article date:
- January 1, 2005
- Author:
CopyrightCOPYRIGHT 2005 Detroit Regional Chamber. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Highly mobile and sought-after executives and business professionals. Trade information and knowledge moving easily between jobs and regions of our country. Michigan-based firms with multi-state operations. An intense competitive landscape. The growth of the Internet and interstate commerce. All of these are excellent reasons why businesses, and their employees, need to be better versed in the structure and enforceability of noncompete agreements.
In Michigan, the validity of noncompete agreements is governed by section 4a of the Michigan Antitrust Reform Act, a statute passed by the Legislature in 1987, as well as the many cases interpreting that statute. ...