In a New Jersey Business Magazine article exploring the complexities of non-compete agreements, Connell Foley LLP Partner Lauren Iannaccone provides insight on these restrictive employment provisions. Iannaccone explains that non-compete agreements serve to "prevent an employee from joining in competitive practices or to start a competitive practice within a certain geographic region for a specified period of time," helping employers protect their investment in employee development and training.
However, Iannaccone cautions that these agreements come with significant challenges. "Non-compete agreements are difficult and expensive to enforce," she notes, adding that they "can also be viewed as restricting someone's livelihood, which some courts may be reluctant to do." She emphasizes that successful non-competes must be "as narrowly tailored as possible" since courts generally disfavor overly broad restrictions.
Read the full article here: Non-Compete Agreements Protect Company Assets - New Jersey Business Magazine