Employers in Massachusetts are understandably concerned about their workers leaving their companies and taking their valuable knowledge or skills with them to competing businesses. This is why company owners often require their employees to place their signatures on non-compete agreements. Whether you are an employer or an employee, it is wise for you to understand how these agreements work in the event that a contract dispute in this area occurs.
Employers may benefit from non-compete agreements because these legal documents can keep them from losing their internal business trade secrets, confidential information and practices. If you as a business owner believe that your contract has been violated, an attorney may help you to pursue an injunction so that your confidential information will not be disclosed. This information may include product pricing or customer lists, for example. In some cases, business owners can even obtain damages.
Although non-compete agreements can certainly benefit employers, they may have the opposite effect on employees in Massachusetts. For instance, if you are an employee, they may prevent you from working in certain geographical areas for specific periods of time. An attorney can review your particular contract to see if it is far too restrictive. It may even feature invalid covenants due to a material change that has occurred in your employment situation.
With 100 years as a firm, we have seen employment contracts and non-competes from every side. Since 1918, the attorneys of Seder & Chandler have excelled at facing complicated and fast-moving legal issues, from complex corporate law, commercial real estate law, estate planning, to acting as counsel for law matters business and personal. Contact us today to learn how our combination of traditional commitments and adaptivity has given us a legacy of a 100 years.