What are some of the benefits of a covenant not to compete

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Reference no: EM133424581

Case Scenario: The software company you started has developed and grown much faster than anticipated! With the addition of three new branches, and the need to hire an additional 45 individuals for sales, your legal team has come to you with some concerns. One of these concerns involves covenants not to compete. They are recommending that all existing and new salespersons sign a binding covenant not to compete.

Questions:

1.What are some of the benefits of a covenant not to compete for your business?

2.What employee concerns could you run across, if you implement a covenant not to compete?

3.What requirements will have to be in place for your covenant not to compete to be considered binding?

Reference no: EM133424581

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