Bold background in the Non-Compete Agreement Template

Aug 6th, 2022
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Employers use these agreements for a variety of reasons: they can protect trade secrets, reduce labor turnover, impose costs on competing firms, and improve employer leverage in future negotiations with workers. However, many of these benefits come at the expense of workers and the broader economy.
Employee agrees that for [months/years] after Employee is no longer employed by the Company, Employee will not directly or indirectly solicit, agree to perform or perform services of any type that the Company can render (Services) for any person or entity who paid or engaged the Company for Services, or who
As a matter of public policy, non-competes are banned because they discourage workers from seeking other work opportunities and harm wages, entrepreneurship, market concentration in the labor force, and equality amongst the workforce.
The evidence shows that noncompete clauses also hinder innovation and business dynamism in multiple waysfrom preventing would-be entrepreneurs from forming competing businesses, to inhibiting workers from bringing innovative ideas to new companies.
Ive seen a bunch of economics explainers arguing that noncompete clauses shouldnt be banned, writes Yale economist Florian Ederer. But lets be clear: Theres overwhelming evidence that noncompetes are bad for innovation and growth. They stop employees from launching their own startups, for example.
The following are the most common ways to get out of a non-compete agreement: Determine that the terms of the contract do not in fact prevent you from a desired course of action. Recognize when a non-compete contradicts the law. Negotiate a release agreement with the involved parties. Ignore the agreement.
I agree that during the course of my employment and for a period of twelve (12)months immediately following the termination of my relationship with the Company, whether I resign voluntarily or am terminated by the Company involuntarily, I will not, without the prior written consent of the Company, whether paid or not:

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