News & Analysis as of September 18, 2024

Non-Compete Agreements › Sensitive Business Information

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Non-Compete Agreements are contracts, typically formed in employment or business purchase contexts, where one party agrees to refrain from engaging in a particular line of work or pursuing business within a... more +

Non-Compete Agreements are contracts, typically formed in employment or business purchase contexts, where one party agrees to refrain from engaging in a particular line of work or pursuing business within a certain industry or locale. The purpose of these agreements is to protect employers or business purchasers from competition stemming from former employees or former owners of a business. less -

The 8th Circuit Affirms a Preliminary Injunction Barring an Ex-Cigna Executive from Joining CVS Based on Two-Year Non-Compete...

Proskauer - Trade Secrets on 6/26/2024

On January 26, 2023, Cigna Corp. (“Cigna”) sued CVS Health Corp. (“CVS”) and its newly hired chief product officer Amy Bricker (“Bricker”), in the US District Court for the Eastern District of Missouri, for allegedly...more

Navigating Noncompetes in Health Care: Understanding the FTC’s Impact

Dickinson Wright on 5/17/2024

Dickinson Wright attorney Kim Ruppel recently participated in The Risky Health Care Business Podcast, where she and host Scott Nelson delved into the intricate world of noncompetes and their ramifications for both health care...more

FTC Ban on Non-competes Will Expand Trade Secrets Litigation

Kerr Russell on 5/3/2024

The final rule is the anticipated result of years of workshops on the topic, and follows the FTC’s January 19, 2023 proposed rule and 90-day public comment period. Enactment of a federal ban is not surprising, given that many...more

Florida Still Strongly Favors Employer’s Non-Compete Agreements

Rumberger | Kirk on 4/1/2022

Non-compete and confidentiality clauses have long been a fixture in employment agreements in Florida. However, there has been some dissention as to whether such restrictive covenants continue to apply where an employment...more

New Florida Corporate Espionage Act: Additional Protection for Trade Secrets?

Akerman LLP - HR Defense on 8/2/2021

Florida has given employers a new weapon in their trade secret protection arsenal: the Combatting Corporate Espionage in Florida Act. With the Biden Administration’s goal of curtailing non-competes and the Supreme Court’s...more

New Oregon Non-Compete Law Further Restricts Non-Competes

Amundsen Davis LLC on 5/25/2021

Over the past several years, the State of Oregon has enacted significant statutory limits on non-compete agreements. Under ORS 653.295, as in effect until recently, a non-compete was “voidable and [could] not be enforced by a...more

Keys to the Kingdom: How Confidentiality Agreements Are Key to Keeping Business Information Secret

Payne & Fears on 10/24/2017

In today’s business environment, greater employee mobility and technological advances underscore the need to protect a company’s confidential information and trade secrets. Stories of employees departing with confidential...more

Twas the Night Before Christmas -- Non-Compete Style

Fisher Phillips on 12/19/2013

Twas the night before Christmas, when all through the company; A disgruntled employee kept saying “please jump with me.” She was trying to line up a grand, mass departure; Of which she was certain no one could...more

Protecting Your Company's Secrets: Drafting and Enforcing Covenants Not To Compete

Womble Bond Dickinson on 3/15/2013

“Covenants Not To Compete” are essential tools used in the insurance industry, and in many industries, to prevent essential employees from leaving your company to work for a competitor and to take with them trade secrets or...more

Protecting Your Closely Held Business

Burr & Forman on 3/6/2013

A client recently came to me with a problem lawyers often hear: the client’s family-owned business needed to hire new employees to keep up with the growth. In particular, the company needed additional sales force and...more

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