Non-Compete Agreement Free

Under   7.8   minutes
Last updated   2020-04-20 15:41:17
Formats Word and PDF

A Non-Compete Agreement is a document protecting employers from partners, contractors, employees and other individuals who have access to business secrets and can use this information after leaving a company.

Non-Compete Agreement preview

Document overview Document Overview

A Non-Compete Agreement is a document protecting employers from partners, contractors, employees and other individuals who have access to business secrets and can use this information after leaving a company. Those agreements are usually used in highly competitive industries, for example, in technology, marketing or sales fields.

Note that in exchange for entering into the Agreement, the business must grant compensation to the non-competing party. This compensation is also called the consideration.
 

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How to use this document How to use this document

In the Agreement, the filling party must include the duration of the non-competition, the geographic location where the non-competing party must avoid competition, and the covered subjects, industries, and activities that the non-competing party must not engage in while the Agreement is in force.

Applicable law Applicable law

State laws govern Non-Compete Agreements. Some states allow broader Non-Compete Agreements while other states will only enforce Agreements with significant durational and geographical limitations. Notably, California courts will only enforce Non-Compete Agreements in situations involving the sale of a business from one party to another. State law should be consulted to be sure that the Agreement will be fully enforceable in that state.

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