Sentences with phrase «competing against their former employers»

There are two main types of restrictive covenant clauses in employment agreements: non-solicitation provisions (in which the employee is preventing from soliciting customers or employees of the former employer for a time, but can compete generally) and non-competition clauses (the employee is prohibited from competing against the former employer, usually for a defined period and within a defined geographical area).

The covenants not to compete, also known as restrictive covenants, typically purport to restrict the entrepreneurs from competing against their former employers for certain time periods and within a specific geographic areas.

in other words, they are not allowed to compete against their former employer.

Not exact matches

Defended breach of fiduciary duty claim by corporation against its former CEO arising from CEO's alleged theft of corporate opportunity and establishment of competing business; after trial, CEO used profits from his new business to acquire his former employer

The typical case involves an employer seeking injunctive relief against a former employee who is alleged to be competing or soliciting customers in violation of the restrictive covenant.