Description
What are the advantages and disadvantages of a noncompete clause as opposed to a nondisclosure clause? What privacy and security issues arise when conducting business on the Internet? Provide examples
Explanation & Answer
Advantages and disadvantages of noncompete clause:
1- Illegal in some states
2-pay consideration
3- Protection against competition..
example:Suppose that a former employee of a small law firm focused on intellectual property law for small businesses signed a non-compete clause that disallowed competition for a five-year term anywhere in the state in I.P. law. Reasonable in many states may be a period of two years in a 100-mile radius in small-business I.P. law. Some states will amend the non-compete clause to what is reasonable, while other states will void the entire non-compete agreement.
Internet business problems:
lack of computer expertise
difficulty developing relationships
privacy and security concerns
issues with copyrights
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