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The law requires you to take certain steps in order to protect the owners, managers, directors and officers from liability once the business closes for whatever reason. There are different procedures for the different types of entities. Don’t leave yourself open to litigation. Contact our office today.
Once your business has been formed, there are other issues for which you need an attorney. We can serve as your Registered Agent, assist you with holding your annual meetings and prepare your annual minutes. Our attorneys can draft and review contracts, lease agreements, purchase agreements and any other type of agreements or contracts that may be necessary for your business. Throughout the life of your business, we can help you navigate through the red tape. including what you need to do if you want to end your business.
After your business is up and running, you may need to hire employees to help you. Generally, when you hire an employee they are considered “employees at will” which means that you can fire them at any time for any reason, other than one that is against public policy. Other times it may be better to have an employment agreement in place to protect your business interest. An employee subject to an employment agreement can still be classified as an “employee at will” but can include various other provisions such as restrictive covenants, spelling out expectations and benefits, or provide a means for the employee to become a stakeholder in the business. Our attorneys are experienced in drafting employment agreements in many different business environments.
Non-Solicitation Agreements are another type of restrictive covenant agreement that can be included with other restrictive covenant agreements or can be a separate agreement. Non-Solicitation Agreements are used to prevent ex-employees or others with whom your business had a relationship from actively soliciting customers or employees of your business and enticing them to stop doing business with you or to stop working for you. Such agreements are normally restricted in time and must be carefully drafted so that they are not deemed overreaching.
A Non-Disclosure Agreement can be included in a general Restrictive Covenant Agreement or can be its own separate agreement. Again, they are most often used in an employment situation but can be used with an Independent Contract or if your business is considering working with another business on a joint project or even if you are hiring a vendor that needs access to certain information in order to provide a service to you. There are many items that can be protected in a Non-Disclosure Agreement, including customer lists, confidential information or trade secrets. Unlike Non-Compete Agreements, Non-Disclosure Agreements are less likely to have a geographical or time limit.
Trade Secrets
The individual trade secrets of a company are what differentiates one company from their competitors. Non-Disclosure Agreements generally restricts a person or entity from sharing these secrets with a competitor or the public. Particular attention must be given to what exactly is considered a trade secret and what information can or cannot be shared. It is important to specifically address this in the agreement so that your company is fully protected under the law.
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