Restrictive clauses
Any departure of a company key employee, who leaves the company e.g. in favour of an employment with a competing company, may present a major challenge to the company. This may not only result in a loss of customers but may also require investment of time and resources in training a new employee.
As an employer, you have the option for signing agreements with employees, e.g. sales representatives, which may also ease the retention of such employee. This may be ensured by agreeing on a non-competition clause, a non-solicitation clause or an educational expense agreement with the employee concerned.
A restrictive clause is an agreement between you as the employer and the employee on a number of agreed terms and conditions. The contents of such clauses are subject to specific rules and requirements securing the validity thereof. Therefore, it is important to seek legal advice before entering into any of these agreements.
You can read more about the individual clauses here:
HjulmandKaptain has extensive experience in advising on and drafting of both non-compete clauses, non-solicitation clauses and educational expense agreements. Should you have any questions, or do you need assistance in drafting a restrictive clause, please feel free to contact us.
