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Understanding how non-compete agreements can benefit your company

When you are working to build your business in Kentucky, chances are you have spent considerable time looking for ways to strategically market your product or service without compromising sensitive business concepts. One of your primary points of focus will be protecting your intellectual property from theft. At Gatlin Voelker, PLLC, we understand the unique risks that companies face as they make strategic moves to keep valuable information confidential.

One of the methods you may consider in protecting your company's intellectual property is to implement a non-compete agreement. According to the HR Daily Advisor, a non-compete agreement is a contract between two parties, usually an employer and an employee. The purpose is to form an agreement that states that your employees will not be able to pursue employment with a competitor immediately after leaving your organization should that time come. Having this type of contract in place can provide you with many valuable benefits including the following:

  • Any former employees you may have who played a significant role in your organization's success, may be less prone to use their skillset to benefit competitors.
  • Critical, confidential information that is pivotal for your company's success can be protected.
  • Your employees may have more incentive to maintain their employment with you rather than pursuing other job alternatives. 
  • If employees of your company decide to leave, you have better chances at retaining loyal customers. 

When you recognize the different advantages, your company may experience as the result of a non-compete agreement, you may be able to make a better educated decision about whether or not this type of contract will work for your organization. For more information about litigation, visit our web page. 

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Gatlin Voelker,PLLC

Gatlin Voelker, PLLC
2500 Chamber Center Dr. Ste. 203
Fort Mitchell, KY 41017

Phone: 859-781-9100
Fax: 888-456-9179
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Call : 859-781-9100