Non-compete agreements: How fiduciary duty and covenants not to compete restrict managers’ mobility

• Published in: Business horizons Vol. 65; no. 2; pp. 215 - 225
• Main Authors: Sellers, April E., Fort, Timothy L.
• Format: Journal Article
• Language: English
• Published: Elsevier Inc 01.03.2022
• Subjects: Business ethics; Fiduciary duty; Non-compete agreements; Restrictions on employment; Fiduciary duty; Non-compete agreements; Restrictions on employment; Business ethics

Companies spend time and money training employees; in the case of a merger or acquisition, they spend resources such as cash, stock, and debt. It makes sense, then, that they do not want an employee to take the expertise the company underwrote to a competitor. Thus, employment contracts will often i...