[Consultation] Review of employment contract setting a duty of non-compete and a duration of service]

Law firm Veat received a commission from Company A to develop mobile application software and provided English employment contracts with drafting and review.

Non-compete clauses are provisions that prohibit working in a competing industry when a labor contract is established. They refer to clauses that prohibit high-level managers, technical staff, or employees who know the company's trade secrets from taking employment with competing companies or starting businesses in the same industry.

These non-compete clauses are a basic means of protecting trade secrets to prevent the leakage of corporate and core technologies. However, if the non-compete agreement excessively restricts the occupational freedom and labor rights of labor rights guaranteed by the Constitution, or excessively restricts free competition, it may become invalid. Therefore, it must be regulated considering the interests of both the company and the employee.

In this case, Veat drafted and provided an English employment contract, complying with the Labor Standards Act while adhering to Company A’s request for non-compete obligations and the length of service, and considering the terms requested by A.

Law firm Veat provides assistance with various contracts, such as employment contracts, non-compete agreements, and other contracts, through its expertise gained while dealing with trade secret protection and employment contract cases, and offering solutions that satisfy both the company and the employee, and minimizing the possibility of disputes when unforeseen situations arise. Please contact Law firm Veat if you have any related inquiries.  

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Law firm Veat