Business Law

Protecting Trade Secrets Non-competition agreements assure businesses that employees will not be able to take the intellectual property gained while working with them and establish their competing companies. These contract clauses are becoming increasingly common as the economy becomes increasingly technical. Performance of jobs increasingly involves the use of trade secrets, specialized custom-written intellectual property, and devices. Employers argue that when…

Agreements that restrict employees from participating in competitive activities and adjuration of company business during one’s time of employment and after employment have been commonplace in Minnesota. These agreements can be universal in many industries. While many Minnesota employees may view non-compete agreements as troublesome, employers view it is a practical way to protect the business they have established. Non-compete agreements can…