December 2018 Posts
If properly drafted, noncompete agreements with employees are enforceable. South Dakota law expressly authorizes agreements between employers and employees whereby the employee agrees not to engage directly or indirectly in the same business or profession as that of his employer for any period not exceeding two years from the date of termination of the agreement and not to solicit existing customers of the employer within a specified county, first- or second-class municipality, or other specified area for any period not exceeding two years from the date of termination of the agreement if the employer continues to carry on a like business therein.
As doing business in our world becomes sophisticated, it is even more important to consider how a business can take steps to protect its intellectual property. A basic understanding of the differences between trademarks, patents, and copyrights will help your business identify potential issues and protect its intellectual property.