Replies to post #693935 on NorthWest Biotherapeutics Inc (NWBO)

[learningcurve2020]

Meh

[learningcurve2020]

>>Non-compete and confidentiality agreements
There are many other clauses, conditions, and perks that can be included in these contracts. One to consider is a non-compete agreement, which bars an employee from competing with the company for a specified duration of time during and/or after employment. The contents of the agreement can differ depending on the company, but can include various stipulations such as prohibiting employees, for a period of time, from leaving the company to work for a competitor or starting their own business selling competing products or services. A confidentiality agreement can give employers protection by asking their employees not to share any confidential or proprietary information the employee has access to during employment.
An appropriate employment contract can protect both the key employee and the company by defining important terms of employment and setting expectations from the start. It offers legal protection and can be referenced when evaluating performance or deciding who is responsible for certain decisions and actions. Without an employment contract, both the employee and the company are left open to misunderstandings.

https://www.berrydunn.com/news-detail/importance-of-employment-contracts-for-key-employees