Stock illustration showing a tap through which data flows. Credit: the_lightwriter/Adobe Stock

Non-compete agreements were never a perfect way for companies to limit data loss, according to legal observers, who say an outright ban would force businesses to adopt more proactive measures.

"It's really a blunt instrument, and it's inherently retrospective," David Huberman said of non-competes. Huberman is general counsel of Minneapolis-based Code42, a cybersecurity software company that specializes managing insider risk. "If a company is looking to enforce a contract, it's after the fact. The damage has already been suffered," he said.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.