| Autor: |
Geho, Patrick R., Lewisr, Stephen D. |
| Zdroj: |
Allied Academies International Conference: Proceedings of the Academy of Entrepreneurship (AE); Oct2009, Vol. 15 Issue 2, p22-26, 5p |
| Abstrakt: |
The potential for economic harm as a result of the misappropriation of a business's proprietary information by a former employee should be a part of the discussion in the entrepreneurship classroom. Much emphasis is placed on teaching the elements of business planning, yet the fundamental aspects of contracts law (especially noncompete agreements), do not appear to be a topic for discussion in entrepreneurship studies curriculum. Students need to be exposed to this aspect of business development from an approach that does not overwhelm with too much legalese. The objective should be to impart an understanding of the critical importance noncompete agreements play in relation to the wellbeing of the enterprise. Business owners have much to contend with, not the least of which is the matter of hiring, training, and managing employees who may one day become competitors. The entrepreneur's recourse is to utilize a noncompete contract to protect the firm's interests. In addition, entrepreneurs engaged in a franchise contract many times find themselves compelled to enter into a noncompete agreement with their franchisor. A buyer of an existing business also has a compelling interest in securing a noncompete agreement with the seller to ensure that the newly acquired business interest is protected from possible competing interests of the seller. [ABSTRACT FROM AUTHOR] |
| Databáze: |
Complementary Index |
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