Opinions expressed by Entrepreneur contributors are their own.
Precise Strategies is a four-employee O'Fallon, Illinois,executive search firm that staffs positions for large financialcompanies. The firm is in a strange situation--a growing number ofits customers require secrecy. PreciseStrategies isn't allowed to mention these customers in itsmarketing materials, on its website or in the media. Founder GlennSmith, 37, estimates 5 percent of the company's customers nowrequire hush-hush around deals.
The trend toward silence clauses in vendor contracts is drivenby competitive threats and a desire to protect intellectualproperty. Big companies are also clamping down on vendors whoexaggerate. "The big company doesn't want the appearanceof giving the seal of approval to a vendor," says Trey Cox, apartner at Lynn Tillotson & Pinker LLP in Dallas.
Continue reading this article — and all of our other premium content with Entrepreneur+
Join the internet’s leading entrepreneur community! With your subscription you’ll get:
- Access to all of our premium content and an ad-free experience
- A complimentary subscription to Entrepreneur Magazine
- Four free e-books a year and 20% off everything from our bookstore
- Exclusive events with business celebrities and successful entrepreneurs
