How to Get Started on a Non-Compete in Chicago
The Uniqueness of Chicago: Laws on Non-Compete Clauses and Agreements2 min read
No two cities or states are the same, which is why Chicago has its own set of laws regarding non-compete clauses and non-compete agreements. If you're a manager in the city who wants to ensure your company's trade secrets and confidential information remain secure, it's important to work with experienced business attorneys who understand local regulations. Read on to learn how to get started on a non-compete in the city of Chicago.
Understand Benefits of Non-Compete Agreements
Non-compete agreements are restrictive contracts between employers and employees that forbid the employee from competing with them during or after employment. These agreements protect employers by blocking employees from usurping trade secrets, recruiting talent, and enticing clients away. By trying to make sure you don't get burned by overeager former employers, a non-compete agreement can be a great thing.
Know When To Create One
Although non-compete agreements can be beneficial for employers and employees alike, they shouldn't be signed whenever someone decides to take a job. Generally, companies won't require one until the employee has been around for a while and has enough knowledge of the business to do harm. Additionally, an applicant could be brought in under the pretense of a non-compete agreement, but upon further consultation with legal counsel, discover that the agreement isn't legally binding.
Be Aware Of Restrictiveness Limitations
Non-compete agreements and clauses can be restrictive, but there needs to be an equilibrium. Employers must be aware that if non-compete agreements are too inclusive, they may be deemed unenforceable based on the case law. For example, an employer couldn't create an agreement that stipulates that a worker can't work in an entire city or state. The agreement also needs to be reasonable in terms of scope, duration, and geographic limitation.
Engage Experienced Legal Representation
The best way to ensure that a non-compete agreement is approved in the city of Chicago is by engaging experienced legal representation. When searching for a business attorney to help review and draft a non-compete agreement, the best place to start is UpCounsel. Whether you need a one-time consultation or an entire freelance legal department, UpCounsel's network of experienced lawyers has you covered. From small businesses to Fortune 500 companies, businesses of all sizes trust UpCounsel and its attorney community to provide high-quality, cost-effective legal services.
In the end
Creating a non-compete agreement in Chicago isn't easy and requires caution. In order to make sure that the agreement is legally binding, employers must be aware of the restrictions imposed by local regulations and enlist legal representation to review and draft the agreement. When it comes to finding experienced legal help, businesses in the city can trust UpCounsel to meet their needs.
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