Business owners who find themselves struggling to keep their business running may consider filing for financial relief with a Chapter 11 bankruptcy petition. The process generally begins by filing a petition with the bankruptcy court. In addition to the court filing,...
Chicago-Area Business And Commercial Litigation Legal Blog
Are noncompetes still enforceable for terminated employees?
Intellectual property can be a substantial liability. That's because many employees often have access to this information. To ensure their most valuable trade secrets are protected, business owners likely enforced noncompete agreements to keep them this data out of...
What makes a noncompete agreement enforceable?
A business’ value lies in keeping a competitive edge. Whether you have trade secrets, valuable clients, or both, you don’t want a former employee to let your competitors know why you’re successful. To protect your company, you may have your employees sign noncompete...