A restrictive covenant is an agreement (usually a clause within a contract of employment) between an employer and an employee that restrains the employee from carrying out certain actions both during employment and in the event that the employment ceases.
The actions that covenants commonly seek to prevent a former employee from carrying out include: competing with the employer (a non-compete clause), taking the employer’s trade secrets and soliciting the employer’s clients and/or staff.
Swiss investment bank UBS recently grabbed some headlines with the interim injunction that it won against competing start-up wealth manager,...
Collidge v Freeport plcFACTS Mr Collidge was the chief executive and a director of Freeport. In early 2006, allegations of financial...
A recent survey of City solicitors in Legal Week revealed that 46% of the partners surveyed said that post-termination covenants...
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