Peter A. Steinmeyer, a Member of the Firm in the Employment, Labor & Workforce Management practice, in the firm’s Chicago office, was featured in Behavioral Healthcare Executive, in “Non-Compete Contracts Protect Your Future,” by Tom Valentino.
Following is an excerpt:
To gain a better understanding of the types of positions that should be covered by non-competes where applicable and what should be included in such agreements, Behavioral Healthcare Executive (BHE) recently spoke with Peter A. Steinmeyer, managing shareholder and a member of the firm in the Employment, Labor & Workforce Management practice at Epstein Becker Green. Steinmeyer is a co-leader of the firm’s Non-Compete, Unfair Composition and Trade Secrets strategic initiative.
BHE: From the perspective of the employer, what are the pros and cons of having employees sign non-compete agreements?
Steinmeyer: Every state is different with respect to non-competes. In appropriate circumstances, they’re a tool to protect confidential information, strategic plans and customer relationships. The cons are that like any other aspect of compensation, some people will view the requirement to sign a non-compete as a negative. It might hurt a given employer in attracting certain persons. …
