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The franchise agreement, at its root, is a licence agreement. The word franchise itself, however, does not connote the same meaning as its Anglo-French origin suggests, with the word ‘franc' meaning ‘free'.

This guide examines the principal categories of clauses that govern post-employment obligations in Cyprus: non-compete provisions, non-solicitation restrictions, post-termination confidentiality obligations, and payment in lieu of notice and garden leave arrangements.

How to protect undisclosed know-how and business information against unlawful acquisition, use and disclosure?

The Law on the protection of undisclosed know-how and business information (trade secrets) against their unlawful acquisition, use and disclosure of 2020 (164(Ι)/2020) (the "Law") was published on 27th November 2020.

In business, even the simplest of arrangements benefit from being set out clearly in writing. A well-drafted contract not only clarifies the terms of the agreement...

A "trade secret holder" means any natural or legal person lawfully controlling a trade secret.

In today’s knowledge-based economy, confidential business information represents one of the most valuable assets of any enterprise. Recognizing the importance of protecting such information, the Cypriot legislator enacted the Protection of Undisclosed Know-How and Business Information (Trade Secrets) from Unlawful Acquisition, Use and Disclosure Law of 2020 (Law 164(I)/2020), which transposed Directive (EU) 2016/943 into domestic law (the “Law”).

As the technology industry is highly competitive and grows rapidly, organizations focus on reducing costs in a bid to strive to retain and/or gain the competitive advantage.

For the purpose of this work, it is assumed that, NC is a start-up company in Information Technology business and deals mainly with computer software.