Restraint of trade clauses are generally used to safeguard client and employee assets from exploitation, as well as protecting valuable confidential information. Such provisions are most common in employment contracts and business sale contracts.
This is highly litigated area of law, is highly complex, and it is important that you are provided with appropriate advice regarding the effects and enforceability of such restrictive covenants. Properly drafted restraints can be used to prevent a former employee from directly competing with a former employer or the poaching valuable clients and employees.
Beyond advising you on the validity of existing contractual restraints, we can also advise on:
While we assist our clients in a wide variety of industries, we know that this are of law is relevant to some more than others. We have particular experience assisting businesses in the real estate, financial services and niece commercial retail industries, and can help you navigate and provide strategic advice in this particularly complex area of law.