Employees seeking to use your confidential information, set up a rival business or poach your clients or staff can pose a serious threat to your business. Post-termination restrictions, known as restrictive covenants, are designed to prevent employees from carrying on these kinds of activities. If you are concerned that one of your employees or former employees is breaching their restrictive covenants, you may want to apply for an injunction to curb the potential damage to your business.
Injunctions are suitable in cases where allowing the employee to continue their actions would have such an adverse effect on your business that your losses could not be adequately compensated by damages awarded at trial. There are two stages to the injunction procedure. Firstly, the court will hold a hearing to decide whether to grant an interim injunction. This is a temporary measure to prohibit the employee from breaching their restrictive covenants until the matter is heard at a full hearing. At the full hearing, the court will make a permanent decision and the interim injunction may be made final.
At Vardags, we will work with you to protect your business interests, weighing up the options available to you and conducting a cost-benefit analysis to determine how best to resolve the issue.
Vardags Limited is a limited company trading as Vardags, Company No 7199468, registered in England and Wales, having its registered office at 10 Old Bailey, London EC4M 7NG. Vardags is authorised and regulated by the Solicitors Regulation Authority (SRA Number 535955). Its VAT number is 99 001 7230.
Vardags uses the term ‘Partner’ as a professional title only, to describe a Senior Solicitor, Employee or Consultant with relevant experience, expertise and qualifications (whether legally qualified or otherwise) to merit the title. Our Partners are not partners in the legal sense. They are not liable for the debts, liabilities or obligations of Vardags Limited. Similarly, the term ’Director’ is a professional title only, to describe an employee or consultant of Vardags with relevant experience, expertise and qualifications to merit the title. It does not necessarily imply that the relevant individual is a director of Vardags Limited.
A list of the directors of Vardags Limited and a list of the names of those using the title of ’Director’ and ’Partner’ together with their official status is available for inspection at Vardags’ registered office.