Lee R. Schroeder is an Ohio licensed attorney with Schroeder Law LLC in Ottawa. He limits his practice to business, real estate, estate planning and agriculture issues in northwest Ohio. He can be reached at [email protected] or at (419) 523-5523. This article is not intended to serve as legal advice, and specific advice should be sought from the licensed attorney of your choice based upon the specific facts and circumstances that you face.
More often than not, jobs today require specific training that require a large investment from an employer when hiring a new employee. Further, the value of many businesses is in the relationships and reputation of the business. Many businesses that invest heavily in relationship-building or training want to protect their investment, and primarily these investments are protected with non-compete agreements.
With the integration of machinery and technology, the work that each of us does is becoming more and more specific. Even with advanced education, including college, many people receive specific training when starting a new job. Understandably, many businesses invest a lot of money training new employees.
Further, many businesses’ true value is in the relationships and reputation of the businesses instead of the physical assets of those businesses. Retail and marketing businesses in particular are valuable largely because of the personal connections and relationships that customers have with the businesses and their employees.
Read more about non-compete agreements in Lee’s article in the Lima News here: Legal-Ease: Legal-Ease Non-compete agreements
Source: LimaOhio.com, “Legal-Ease Non-compete agreements,” by Lee R. Schroeder, August 29, 2015