Trade Secrets and Covenants Not to Compete

Labor and Employment

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While always an issue for businesses, the growing importance and value of intellectual property and trade secrets has dramatically increased the need to protect such data, plans and processes. Stevens & Lee understands how important it is to maximize our clients’ protection against the misappropriation of such information by employees. We have extensive experience in helping our clients identify the information that needs to be protected and implementing effective means to protect it.

We counsel companies regarding the protections afforded them by statute and case law, and thus help prepare agreements for key personnel that restrict their ability to compete against our client for as long as possible after termination of employment. We also craft agreements that bar a former employee from using any of our client’s trade secrets or confidential information at any time. These generally include prohibitions against soliciting the client’s employees or customers on behalf of another company.

Often, with or without a valid non-compete or non-solicitation agreement, employees will go to a competitor and litigation will quickly ensue. These cases typically proceed immediately to an injunction hearing with intensive discovery and written submissions to the court in a very compressed period. We have the resources and expertise to respond expeditiously and effectively and have successfully handled these cases for parties on both sides of the issue.

 

 

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