Non-Compete and Non-Disclosure Covenants: Commonly Used 'Boilerplate' Can Impede Enforcement

Autor:	Linda K. Stevens
Rok vydání:	2011
Předmět:	Economics and Econometrics Private equity business.industry Accounting Business Non disclosure Covenant Enforcement Database transaction Finance Boilerplate text
Zdroj:	The Journal of Private Equity. 14:33-40
ISSN:	2168-8508 1096-5572
DOI:	10.3905/jpe.2011.14.4.033
Popis:	Non-compete and non-disclosure covenants make an appearance in almost every transaction. The language used in these covenants has become familiar, and many view it as “boilerplate.” Indeed, most players in the private equity industry use standard forms or templates when a non-compete or non-disclosure covenant is needed. But much of the boilerplate language commonly used in non-compete and non-disclosure covenants is outdated, overly broad, and likely to impede enforcement. This article first discusses the basic principles of non-compete law and then identifies and discusses some commonly used—but legally problematic—boilerplate covenant language.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::7054137a5cd8afd08e5647af079056b5 https://doi.org/10.3905/jpe.2011.14.4.033 Zobrazit plný text záznamu