Employment Contracts- Valid restrictions on the employees

– Disclosure of company confidential information.

– Starting a competing business

– Double employment

– Solicitation of company customers

– It is said that when Phaneesh Murthy was asked to leave Infosys, he was asked to sign a non-Solicitation bond. This was done so that he do not use his existing relations with the customers to pouch them. As a part of this bond, he was not allowed to setup his own first for one year. In that period, Infosys worked to strengthen the relationship with customers.

[This blog is captured from “Managing Commercial contracts” class notes (by Prof S. Shankar . Some information referred from Wikipedia/other listed sites.]

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