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Sponsored by Lorman Education
Product ID: 409415EAU
 
Credit & Course Provided by:

Noncompete Agreements in Illinois

OnDemand Webinar (62 minutes)

Learn how to protect your company from liability if it hires an employee who is subject to a restrictive covenant.This topic will provide the information you need to prepare and enforce restrictive covenant agreements with your company's employees. A thorough review of Illinois' new noncompete legislation that goes into effect on January 1, 2022, will also be provided. There will also be an overview of other information you should know to maximize the protection of your customer relationships and customer information.

Authors

Jeffrey M. Glass, SmithAmundsen

Agenda

Income Thresholds

Pre-Signing Review Requirements

New Pro-Employee Attorney's Fees Provisions

Statutory Definitions of Consideration

Statutory Definitions of Protectable Interest

Pointers for Drafting Restrictive Covenants

Steps to Take to Protect Your Company's Confidential and Proprietary Information

Deciding Whether to Hire an Employee Who Is Subject to a Restrictive Covenant

How to Insulate the Company From Liability If It Hires an Employee Who Is Subject to a Restrictive Covenant

What to Do When an Employee Resigns and Engages in Conduct That Violates a Restrictive Covenant

An Explanation of Litigation Options for Enforcing Restrictive Covenants, Including Emergency Lawsuits for Injunctive Relief

Litigation Hold Letters

Causes of Action That Are Available for Employees Who Are Not Party to Restrictive Covenant Agreements