Section 44-2701 – AGREEMENTS AND COVENANTS PROTECTING LEGITIMATE BUSINESS INTERESTS.
44-2701. AGREEMENTS AND COVENANTS PROTECTING LEGITIMATE BUSINESS INTERESTS. A key employee or key independent contractor may enter into a written agreement or covenant that protects the employer’s legitimate business interests and prohibits the key employee or key independent contractor from engaging in employment or a line of business that is in direct competition with the […]
Section 44-2702 – DEFINITIONS.
44-2702. DEFINITIONS. For purposes of this chapter, the following terms shall have the following meanings: (1) "Key employees" and "key independent contractors" shall include those employees or independent contractors who, by reason of the employer’s investment of time, money, trust, exposure to the public, or exposure to technologies, intellectual property, business plans, business processes and […]
Section 44-2703 – CONSTRUCTION AND ENFORCEMENT.
44-2703. CONSTRUCTION AND ENFORCEMENT. To the extent any such agreement or covenant is found to be unreasonable in any respect, a court shall limit or modify the agreement or covenant as it shall determine necessary to reflect the intent of the parties and render it reasonable in light of the circumstances in which it was […]
Section 44-2704 – RESTRICTION OF DIRECT COMPETITION — REBUTTABLE PRESUMPTIONS.
44-2704. RESTRICTION OF DIRECT COMPETITION — REBUTTABLE PRESUMPTIONS. (1) Under no circumstances shall a provision of such agreement or covenant, as set forth herein, establish a postemployment restriction of direct competition that exceeds a period of eighteen (18) months from the time of the key employee’s or key independent contractor’s termination unless consideration, in addition […]