Noncompetition Agreement Templates

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Commonly Asked Questions about Noncompetition Agreement Templates

What does a non-compete document look like?

It reads something like this: For the complete duration of the Agreement, and [time period] after the termination of the Employees relationship with the Company, the Employee will not a) engage as an employee, officer, director, partner, consultant, agent or owner b) be associated in any other capacity, with a

What is an example of a non-compete agreement?

(c) [Employee name] agrees not to set up in business as a direct competitor of [company name] within a radius of [number] miles of [company name and location] for a period of [number and measure of time (e.g., four months or 10 years)] following the expiration or termination of this agreement.

What is a reasonable non-compete clause?

Reasonableness: Non-compete agreements must be reasonable in terms of their scope and duration. This means that the restrictions must be no broader than necessary to protect the legitimate business interests of the employer, such as protecting trade secrets, confidential information, and/or customer relationships.

What voids a noncompete agreement?

However, certain factors can render a non-compete agreement unenforceable, such as if it is considered unreasonable in time or geographic scope, or if the reason for termination, such as the employer discontinuing a line of business, invalidates the agreement.

What does a typical non-compete look like?

First of all, it does not need to be a separate document that is entitled Noncompetition Agreement. Often, it is a paragraph buried within the onboarding package and might say, Upon leaving the company, the employee is prohibited from working for another organization in the same industry or which competes with the

What is an example of a non-solicitation agreement?

This might look something like this: During the term of this Agreement and for a one (1) year term thereafter, (Contractor Name) shall not solicit or encourage any employee, vendor, independent contractor, or client of (Company Name) to leave or terminate their relationship with (Company Name) for any reason.

How do you write a non-compete agreement?

The Employee specifically agrees that for a period of [months/years] after the Employee is no longer employed by the Company, the Employee will not engage, directly or indirectly, either as proprietor, stockholder, partner, officer, employee or otherwise, in the same or similar activities as were performed for