0:02 Maintaining the confidentiality of valuable company information– such things as customer lists, trade secrets, and other proprietary data– can be a challenge, both during the course of an individual’s employment and after an employee leaves the company.
0:53 As an employer, you may consider requiring that certain employees sign agreements.
1:02 Non-competition agreements, which prohibit them from working for a competitor or engaging in activities that compete with your business.
1:08 Non-solicitation agreements, which prohibit luring your customers or other employees to a competing business.
1:16 Confidentiality agreements, which prohibit disclosing confidential information to anyone outside the company or anyone within the company who is not authorized to receive the information.
1:30 It’s important to note that these agreements are generally governed by state law; therefore, the validity and enforceability of these contracts will vary from state to state.
1:55 The following 5 considerations should be kept in mind when preparing a non-competition/non-solicitation agreement or confidentiality agreements.
2:30 Keep in mind that these agreements should be part of a larger effort to maintain the privacy of proprietary information and protect your company.