September 15, 2022

Mary Will Addresses Noncompetition and Nonsolicitation Agreements With SHRM

In “More States Block Noncompete Agreements,” the Society for Human Resource Management (SHRM) turned to deputy general counsel and labor and employment partner Mary Will for insight on key takeaways for employers and HR professionals regarding Colorado’s new noncompete law.

“In general, noncompetition and nonsolicitation agreements must be for the protection of trade secrets,” said Will. “Trade secrets are specifically defined under state law. Companies cannot deem information or documents a trade secret without compliance with specific trade secret laws.”

Will added, “We think we may see an uptick in penalties assessed under the noncompete statute going forward and would anticipate such penalties hitting companies with multiple violations the hardest.”

The full article is available for SHRM subscribers.

Full Article

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