How do you stop an employee that is leaving your company from approaching customers, clients, suppliers, other employees, or general competition?
The answer is through a carefully drafted post-termination restrictive covenant which prevents an employee doing this for a defined period after their employment termination.
Restrictive Covenants are a particularly helpful tool for senior employees who have been employed by the business for a long period of time and who will have been party to highly confidential information about the business.
The clauses, usually contained within a robust contract of employment, can help to protect the employer’s confidential information, customer connections, its goodwill and the stability of its workforce.
Harriet Gardner, associate and Team Leader in Employment Law & HR Services at Wake Smith looks at the issue in our latest advice article including:
- Why impose post-termination restrictive covenants?
- Types of restrictive covenants
- Duration of restrictive covenants
- Legal position
- Updating restrictive covenants
- Your next move?