Keller Agreement Wisconsin: Understanding its Significance
The Keller Agreement Wisconsin is an essential legal document that protects employees` rights and employers` interests. It is a contract that every employee of the University of Wisconsin-Madison is required to sign. The agreement ensures that employees who leave the university or retire do not use the contacts, sensitive information, or other proprietary assets of the institution for personal or commercial gain.
The Keller Agreement prohibits the use of information that is considered confidential, proprietary, or trade secret in any manner that is not authorized by the University of Wisconsin-Madison. The agreement also outlines the consequences of violating its terms, which may include legal action and damages.
The agreement applies to all university employees, including those who work in research, development, and other areas where proprietary information is generated. It is especially crucial for employees who leave the university to start their businesses or work for competing organizations.
The Keller Agreement is essential to the university`s interests because it ensures that the institution`s intellectual property and assets are not misused. It is also beneficial to employees because it protects their rights and ensures that they are not unfairly penalized for sharing information that is not confidential or proprietary.
In summary, the Keller Agreement Wisconsin is a vital contract that protects the interests of both employers and employees. It ensures that employees do not misuse confidential and proprietary information to gain a competitive advantage, and it protects the university`s intellectual property and assets. Therefore, it is essential for every employee of the University of Wisconsin-Madison to understand the terms and significance of this agreement.