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How to Highlight Noncompete Agreement

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- Hi, everyone. Im attorney Aiden Durham with 180 Law Co in Denver, Colorado, and welcome back to all up in my messy, disgusting moving business. Just kidding. Its All Up In Yo Business. (upbeat guitar music) In this episode of All Up In Yo Business, Im gonna break down some of the basics of non-compete agreements, tell you guys what they are, why theyre important, and kind of generally how they work in the law. But before we get into it, please be sure to like, subscribe and share, and dont forget to check the description for some links to additional information and resources. And finally, as with last time, Im moving. Well, Ive recently moved, and Im still in the process of unpacking and getting stuff organized, so ignore the terrible mess behind me and bear with me while things get adjusted around here, okay? Thanks. So, what is a non-compete agreement? A non-compete, also known as a non-competition, a covenant not to compete, a non-compete agreement is a restrictive cove

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Is there a federal ban on noncompete?

The Federal Trade Commission (FTC) issued a proposed rule on January 5, 2023 that would prohibit employers from using non-compete clauses with workers.

Should I tell potential employer about non-compete?

3. Be honest with prospective employers. If you do land an interview for a new job, its important to discuss your non-compete agreement with your prospective employer. Keeping it a secret could force the employer to fire you later on to comply with the contract.

What is the purpose of a noncompete clause?

A noncompete agreement or clause is a legal document that prohibits employees from competing with your business after their employment is severed.

What is are you subject to a non-competition agreement?

A non-compete agreement is a contract signed between the employer and the employee. It gives the employer authority over certain activities of the former employee even after the employment ends. In this agreement, the employee accepts not to enter into any competition with the employer during or after employment.

What should be included in the noncompete agreement?

Under such an agreement, the employee must not reveal any trade secrets learned during employment. These contracts outline how long the employee must refrain from working with a competitor, in a geographic location, or in a specific market.

What is an example of a noncompete clause?

Non-Competition Clause Examples Example 1: Preventing former employees from using trade secrets. Example 2: Stopping contractors from competing with you. Example 3: Former partners limiting the geographical docHub.

What are the elements of the bdocHub of non-compete agreement?

One may be in bdocHub of a non-compete covenant if he or she signed a written agreement not to compete and subsequently either (1) used a former employers trade secrets or customer lists to the former employers detriment; or (2) operated a business within the same, or within a specified, time and geographical area as

What should be included in a non-compete?

In order to be enforceable, a non-compete agreement must include an offer, acceptance, intent, and a benefit or consideration to the employee in exchange for his or her promise. The benefit could be as simple as getting the job or, for an existing employee, getting a promotion or raise.

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