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Article: Keep your edge: non-compete agreements protect business assets.(Legal Brief)
- Article from:
- Utah Business
- Article date:
- August 1, 2009
- Author:
CopyrightCOPYRIGHT 2009 Olympus Publishing Co. 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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Protecting your company's assets, including its goodwill, intellectual property and customer relationships, is vital to success and requires careful planning and execution. Non-compete agreements can accomplish those goals and can be a key component in an overall plan to keep your competitive edge sharp.
Non-compete agreements are, generally speaking, written agreements between an employer and employee wherein the employee agrees that if his or her current employment is terminated, be or she will refrain from competing against the former employer in certain ways specified in the agreement. For example, a software engineer may agree that upon termination of his ...