The importance of being reasonable
A company can protect itself against unfair competition from its former employees by making provisions for this contingency as early as possible. A good protective measure is asking employees to sign restraint clauses whenever appropriate. Such clauses can help ensure that corporate secrets, including business plans, projections or formulas, will not be used by employees after they leave the firm. However, employers should take note that restrictive clauses must be generally accepted as 'reasonable' or else they will not be upheld by the courts. A restraint clause is deemed reasonable if its scope is just wide enough for the protection of the company and is not too wide in the public's opinion. Additionally, it should not excessively disrupt the employees' normal course of living. Employers intending to employ restraint clauses are advised to leave their drafting to experts.
Publication Name: Accountancy
Facing the problems of homelessness
The problem of homelessness in England has perenially frustrated politicians' best intentions and efforts. Official statistics show that the problem has grown threefold from 1978 to 1990. Its resolution lies in the equally important need to raise income and provide enough employment to city dwellers. Meanwhile, the government should conduct a comprehensive study in support of renting or leasing programs as an interim measure.
Publication Name: Public Finance and Accountancy
- Abstracts: A note on the performance of foreign exchange forecasters in a portfolio framework. A note on an interest rate immunization strategy
- Abstracts: Taking a bit of a battering. Probing the potential or seriously taking the arts less seriously
- Abstracts: The investment performance of unit trusts and mutual funds in Australia for the period 1969 to 1978. Thales unit touts advantages of combat ID technology
- Abstracts: The hidden costs of National Insurance. Insurance brokering gears itself to the world market. Insurance and its alternatives
- Abstracts: Measuring the impact of the safe harbor lease law on security prices. Governance mechanisms and equity prices