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non- compete contracts

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The scenario is a company which is hiring a software engineer to specially design new software for the company's use, and the company wants to enter into a non-compete agreement with the software engineer.

Need help in preparing a paper discussing any statutes and case laws in the US regarding non-compete agreements, and then draft a memorandum outlining your research. Include in your memorandum any issues that you feel need to be addressed before drafting this agreement.

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Solution Summary

The scenario is a company which is hiring a software engineer to specially design new software for the company's use, and the company wants to enter into a non-compete agreement with the software engineer.

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In today's extremely dynamic and rapidly changing business environment, workforce are increasingly becoming prone to move from one company to another and thus, non-compete agreement is increasingly becoming an important tool to protect organization's interests. Especially in the case of intellectual property related areas such as software development, it becomes increasingly important for companies to safeguard and protect their intellectual property and business interests from being leaked/exposed to unauthorized users like competitors and thus, non-compete agreements emerge as a handy tool to protect such interests.

There are several points that need to be ...

Solution provided by:
Sheetal Jain, PGDM
Education
  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
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