Paul Smith and Michael Judd, employment law attorneys in the Salt Lake City office, wrote an article for the Aug. 4 issue of Utah Business magazine about the changing landscape of employers and noncompete agreements.
The article asserts that businesses should no longer rely on noncompete agreements as their primary means of protecting competitive advantages, due to changing laws and increasing regulatory scrutiny that have made these agreements less reliable and enforceable. Employers should adopt broader strategies that include tailored confidentiality and non-solicitation agreements, strong trade secret protections, employee retention initiatives and efforts to strengthen relationships with the business rather than individual employees. As states, including Utah, limit the use of noncompetes, businesses that focus on protecting their interests through customized legal agreements, positive workplace culture, competitive compensation and operational best practices will be better equipped to safeguard information in an evolving legal landscape.
To read the complete article, click here.
