Friday, August 16, 2013
Courts - "Litigation Over Noncompete Clauses Is Rising"
From the August 14th WSJ, a $$ story by Ruth Simon and Angus Loten that begins:
More employers are requiring their new workers to sign "noncompete" agreements, which they say are needed to prevent insiders from taking trade secrets, business relationships or customer data to competing firms when they leave.
But with a more than 60% rise over the past decade in the number of departing employees who are getting sued by their former bosses for breaching the agreements, some worry these clauses are having an unintended damping effect on U.S. entrepreneurship, by preventing people from leaving the corporate world to launch their own businesses, or hire workers when they do.
Posted by Marcia Oddi on August 16, 2013 10:36 AM
Posted to Courts in general