Non-compete clause (or competition clause) is an agreement between employer and employee concluded pursuant to Sec 310 of the Czech Labour Code (CLC). Such clause obliges employees to refrain, for a certain period of time not exceeding one year after termination of their employment, from being involved in gainful activities that would be similar or identical to the former employer´s business activity or competitive in nature. The employer on the other hand undertakes to provide adequate monetary consideration for each month this obligation is observed. This compensation shall be no less than one half of the employee´s former average monthly earnings for each month the said obligation is observed. The monetary consideration shall be payable on a monthly basis unless agreed otherwise. The clause must be agreed in writing.
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Holec, Zuska & Partners again among very recommended law firms for IP and Public Procurement Law
Our office has been again listed among the top law firms in the Czech Republic, being very recommended for our work in the Intellectual Property Law category and recommended in Public Procurement sector at the seventh Czech Law Firm of the Year 2014 award ceremony organized by EPRAVO.CZ. We extend our thanks for the accolades to our clients and team alike […]
2014 EMEA Regional Meeting in Prague
Our firm had the pleasure of hosting the International Alliance of Law Firms (http://www.ialawfirms.com/) 2014 EMEA Regional Meeting in Prague last week. It was the largest regional Alliance EMEA meeting so far with over 45 lawyers attending.
Doing Business in the Czech Republic 2014
Naše advokátní kancelář každoročně vydává průvodce pro svoje zahraniční a potencionální klienty na téma podnikání v České republice.
Contract for work: demonstration of functionality as a condition to completion
The new Civil Code, effective from 1 January 2014, which removed separate regulation of the commercial and civil relations, has also partially affected individual types of commercial contracts, including the widely used Contract for Work. Suppliers or contractors producing a result (“work”) for a client under such contract are now expressly obliged to demonstrate to […]
Our firm again among recommended law firms for IP and Public Procurement Law
Our office has been again listed among the top law firms in the Czech Republic, being especially recommended for their work in the Intellectual Property Law category and in Public Procurement sector at the sixth Czech Law Firm of the Year 2013 award ceremony organized by EPRAVO.CZ. We extend our thanks for the accolades to our clients and team alike […]
New Czech National Bank Reporting Rules
A new Czech National Bank (CNB) Regulation No. 235/2013 (“Regulation”) has come into force on 17 August 2013 modifying existing foreign investment reporting rules in connection with the European Parliament and Council Regulation (EC) No. 184/2005 concerning balance of payments, international trade in services and foreign direct investment. Changes in these reporting rules affect entirely […]
New amendment to the Labour Code
The Czech Parliament voted on a battery of the most recent changes to the Labour Code (Act 262/2006) which allow, among other, the so-called “chaining” of employment contracts, or which shortens the mandatory period of continuous rest between two working shifts from 12 to 11 hours.
Reform of the Czech Private Law
Czech Republic underwent extensive social and political change during the last 20 years. One of the major legal changes that will affect almost every facet of daily life will be the so far largest reform of the private law coming into force on 1 January 2014.
It’s been more than a year since all three cornerstone statutes were adopted – the New Civil Code (Act 89/2012), Act on Commercial Corporations (Act 90/2012) and Act on Private International Law (Act 91/2012). Adoption of these three key codices capped more than 12 years of practical private law reform efforts. These three Acts are scheduled to come into force on 1 January 2014. Additional legislative changes are simultaneously in the process, in areas of implementing legislation, procedural or tax laws.
New amendment to the Labour Code
The Czech Parliament voted on a battery of the most recent changes to the Labour Code (Act 262/2006) which allow, among other, the so-called “chaining” of employment contracts, or which shortens the mandatory period of continuous rest between two working shifts from 12 to 11 hours. The “chaining” regulates repetitive conclusions of short-term or definite-term […]