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So you can steal IP and trade secrets with no noncompete?

(In response to this post by WahooRQ)

Posted: 04/24/2024 at 08:11AM

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For those interested...the FTC has banned Non-Compete Agreements (link) -- Tuckahokie 04/24/2024 06:02AM

IIRC Virginia is a Right To Work state -- DexterLake 04/24/2024 07:07AM

Different issue, but yes, non-competes are only as effective as the judge -- Hoodafan 04/24/2024 08:38AM

From what I understand they're never enforced ** -- HokieDan95 04/24/2024 07:36AM

Employers did not think so, as I was under two different ones -- 111Balz 04/24/2024 07:29AM

So more of a customer base limitation? -- DexterLake 04/24/2024 07:35AM

It’s usually to protect clients, trade secrets, employee poaching and IP. -- WahooRQ 04/24/2024 07:53AM

So you can steal IP and trade secrets with no noncompete? ** -- ResistHoo 04/24/2024 08:11AM

That was part of it, but I was about the only banker in the market financin -- 111Balz 04/24/2024 07:39AM

Thread jack ...... -- DexterLake 04/24/2024 07:42AM

Yeah, we were there, beautiful evening, and they sounded great ** -- 111Balz 04/24/2024 07:58AM

Although in honesty, as good as Charlie and the substitute rhythm section -- 111Balz 04/24/2024 08:00AM

Dennis -- DexterLake 04/24/2024 08:25AM

Thanks. There was just something about the way Dennis -- 111Balz 04/24/2024 08:49AM

Yes indeed. Both great in their own way. -- DexterLake 04/24/2024 09:20AM

Not unenforceable, but had to be limited in scope, time and geography. ** -- JMHoo 04/24/2024 07:22AM

JM - if you don't mind - what is the difference between an NDA and a CDA? -- Lazarus 04/24/2024 07:37AM

Thanks Tuck. From Business Law, I never understood how they could be legal -- Lazarus 04/24/2024 06:26AM

Interesting. In my experience they were rarely enforced except in -- BocaHoo91 04/24/2024 07:02AM

While not perfect, I do think NDA’s can be protection against -- 111Balz 04/24/2024 07:23AM

I have a friend Hoo ran a restaurant. When they enforced his no compete - -- Lazarus 04/24/2024 07:19AM

Starr Hill Beer -- DexterLake 04/24/2024 07:28AM

I've had so sign them for business consulting, but .... -- DexterLake 04/24/2024 07:14AM

Mayne because you were never in a position where leaving one place -- WahooRQ 04/24/2024 07:57AM

The same is true in other areas. Try finding a broker that won't tell you -- 81_Hokie 04/24/2024 06:34AM

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