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Protecting a Company's 'Crown Jewels' Through Employee Departure Plans

By Stephen E. Fox
June 04, 2004

Employees leave their current employers every day, presumably to pursue new and brighter career opportunities. This is especially true today, as the economy seems to be picking up pace and employers find themselves needing to expand their workforces. Inevitably, some employees will go to work for competitors of their former employers. While employees have the right to seek new and better jobs, the law is equally clear that they may not do so at the expense of their former employer's business interests.

In order to preserve these business interests, or “crown jewels,” which include business goodwill and proprietary business information, a former employer should adopt and rigorously follow an organized and well-thought plan aimed at minimizing the damage that a departing employee can cause at the time of or after his departure to a competitor.

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