Click to login and read the full article.
Don’t have access? Click here to request a demo
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600
Abstract
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 But much of the boilerplate language commonly used in non-compete and non-disclosure covenants is outdated, overly broad, and likely to impede enforcement.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.
- Copyright © 2011 Schiff Hardin LLP. All rights reserved. Not to be reproduced or redistributed without permission.
Don’t have access? Click here to request a demo
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600