Non compete agreements also known as covenant not to compete cnc non compete clause ncc and restrictive covenants are becoming increasingly common in employment applications employment agreements and in contracts for the sale of businesses. A non compete agreement is a document used to protect employers from partners employees contractors and other individuals with access to their business secrets and practices using that access to leave the company to start their own competing business in the same industry.
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Non compete agreement template mutual here s your fast non compete agreement template.
Business templates noncompete agreement. Insert name of insert company name the employer and insert name the employee background. A non compete agreement binds the employees to a contract whereby they cannot provide service to any competing firm for a certain period even when the employee has left the job he was initially working. This template is already designed for faster document preparation with its fully customizable layout.
Create a fully customizable legal document with the use of this easy to edit template. Here is what s in the non compete agreement. Non compete agreements are used most often in highly competitive industries such as technology development sales and.
Created and approved by legal experts. The purpose of this agreement is restrict any employee from going into a business same as their former company for a specified period within a certain geographic area. However we do ask that you don t distribute it on the web without explicit permission from us.
Company name is located at address and is represented by name of representative in this agreement. This non compete agreement the agreement dated insert date between. The non compete agreement is a legal document under which the restricted party the party agreeing to not compete with the other party agrees to not enter into the competition of any kind during and for such duration after the termination of the business relationship with the protected party the party who wants to protect their business secrets.
All you would have to do is replace the yellow highlighted portions with your information and you are good to go. Usually an agreement that states that the employee cannot work in the same industry for a period of six months to two years from the date of termination of his employment. Sections include confidential information non compete clause agreement period and more.
Get the non compete agreement. Restrict your business partner from competing against your company s products and services with a non compete agreement which you can easily make using this business non compete agreement template on your pc or mobile device. Protect your business by using the above mentioned template that is a non compete agreement template.
Non compete agreements can be used by a business to retain valuable employees protect its confidential information and customers and. This non compete agreement is entered into between employee and company name on the day of in the year 20. You are free to edit and use this non compete agreement.
This non compete agreement template is free for you to use as you see fit. A simple agreement template between a company and another company or party.
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