To avoid losing valuable employees (and trade secrets) to competitors, employers are asking, or requiring, employees to sign noncompete agreements. Here's the lowdown on whether it's worth asking your employees to sign a noncompete agreement, and how to create an agreement that will pass muster with a judge.
Nondisclosure agreements are one of the best ways to protect trade secrets -- valuable confidential information that businesses want to keep under wraps. That information could be a sales plan, a list of customers, a manufacturing process or a formula for a soft drink. By using a nondisclosure agreement, you can ensure that your secrets stay secret -- or have legal recourse if they are misused or disclosed to the wrong parties.
Questions What types of information can trade secrets protect? What rights does the owner of a trade secret have? How can a business protect its trade secrets? How can a business enforce its rights if someone steals or improperly discloses confidential information? Is stealing trade secrets a crime?