And while much attention most of the information received by the attorneys related to employees. When it comes to sellers of companies, Ballantine said Illinois courts have upheld up non-compete agreements of up to five years. Stetson believes two years is more in tune. Before you leave a company, McGuigan counsels, tell a new employer if you re covered under such a non-compete. He or she may decide it s not applicable, and then it s his fight.
Confidentiality is an overblown concept.
VCs as a matter of course won t sign one, Jacobson said. They get so many plans, they don t want to confuse one plan for one they might have heard of. Confidentiality is an overblown concept. I assure you that in the Internet space, at least 500 people have the same idea you have and will finish it first. If the start-up s management signed it, the partner promised more money than if they didn t.