It takes a considerable amount of time and effort for a company to develop operational procedures, acquire a
solid consumer base, and form effective marketing techniques. Business owners often want to protect the information and processes that either makes their product unique or gives them a competitive edge in the market. As a result, some companies have professionals sign covenants not to compete as a condition of employment. An experienced St. Louis business lawyer can guide you through the complex legal issues involved with non-compete agreements.
Covenant Not to Compete in Missouri
A covenant not to compete states that an employee will not work with competitors of the company for a specified period of time after the working relationship ends. Business partners and employees who have access to trade secrets or other proprietary information may be required to sign that these type of agreements. If the terms of the covenant not to compete are too restrictive, it won't be enforced by a court of law.
A covenant not to compete is considered valid under certain conditions. The company must have a valid business interest that it needs to protect. The covenant not to compete can only apply to competitors that are rationally related to the company and its industry. The terms of the agreement can't last for an excessive amount of time because it could unfairly impede a person's ability to pursue other employment opportunities.
Contact a St. Louis Business Lawyer
If you have questions about covenants not to compete, speak to a St. Louis business law attorney for immediate assistance. The Law Office of Christopher Bent has successfully helped clients draft non-compete agreements, negotiate modifications to contracts and settle business law disputes. Schedule a confidential consultation by calling 314-551-0898.