Brick gentry s rush nigut posted these thoughts via his business law blog rush on business. Non compete agreements or covenants not to compete are often used to protect a business from competition from a former employee going to work for a competitor or starting his or her own business. Non compete agreements in iowa.
Should non compete agreements be enforceable in iowa.
Non compete agreement iowa. A university of maryland survey reveals that approximately one in five employees was bound by a non compete in 2014. This free iowa at will employment contract and non compete agreement is designed to protect sensitive proprietary and confidential information including trade secrets and business processes. The iowa non compete agreement template can fulfill an entitys need to prevent an unfair competition from any party that has gained it trade secrets because of the two being in a professional relationship. Non competition agreements also known as covenants not to compete or restrictive covenants are employment contracts used by employers to limit the ability of an employee to compete with the employer by stealing customers or trade secrets.
Iowa non compete or restrictive covenant agreements are generally enforceable if they are reasonable in scope and duration. Consideration is often thought of as what you will get in return for signing a restrictive covenant or non compete agreement with your company. In many cases your employees give you the advantage over your competitors and therefore the success of your business is directly affected by the performance of your employees. Employees are often considered a companys greatest asset.
Know your rights call today. Non compete agreements once reserved for senior executives are now spreading to blue collar employees across the nation.