w3wilkes;635363 Wrote: > Come on, in October it will be 5 years since Logitech bought Slim. I > doubt you could have a infinite non-compete clause that would hold up > in any court. And has Logitech really taken the Slim Device line up > anywhere beyond where Slim was when Logitech acquired it? I made my comment in response to the aspect of your comment I quoted that I disagreed with. It wasn't intended to address the specific situation with this company and its few key principals.
In most acquisitions it's important to tie up key personnel one way or another for some period, so that they don't set up shop across the street and hire the employees. That was done in this case partially with a contingent earn-out provision that ran a few years. (The contract was publicly released because of Logitech's status as an SEC registrant). The transition having past, and with technology confidentiality and non-use provisions, it's likely the few concerned are now free to pursue other things that might be competitive but without use of the "technology" owned by Logitech. They may have already started their next adventure. The way to get around the non-compete problem when the permitted exceptions don't apply is to give such people employment contracts that pay an appropriate salary, require exclusivity (can't pursue other employment or compete with the company), and then tell them to stay home. Perfectly acceptable under the law. -- Goodsounds ------------------------------------------------------------------------ Goodsounds's Profile: http://forums.slimdevices.com/member.php?userid=14201 View this thread: http://forums.slimdevices.com/showthread.php?t=87951 _______________________________________________ discuss mailing list [email protected] http://lists.slimdevices.com/mailman/listinfo/discuss
