Put in sentence in the Non-Compete Agreement Template

Aug 6th, 2022
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For example, a television station might have legitimate concerns that a popular meteorologist may siphon viewers away if they began working for a rival station in the same area. This would be considered a reasonable cause to sign a non-compete agreement in most jurisdictions.
If you are an employee who has been given a non-compete clause with your Employment Agreement, it may no longer be enforceable. Employers are no longer permitted to issue non-compete agreements to their employees in Ontario.
/ˌnɑːn.kɑːm.pəˈtɪʃ. ən/ (of an agreement) preventing an employee who leaves a company from working for another company involved in the same activity for a particular period: a non-competition agreement/clause/provision.
Non-compete agreements are used by companies to protect their business interests by preventing employees from sharing confidential information, soliciting clients, or working for competitors for a certain period after leaving their job.
What is a non-compete agreement? A non-competition agreement (non-compete) prohibits an employee from working for a competitor or opening a competing business, typically for a certain period of time after an employee leaves a job.
(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 to Include in Your Non Compete Clause The reason why the clause is necessary (e.g., to protect trade secrets or confidential information). A description of the activities that are restricted by the clause. The duration of the restriction period (e.g., no longer than 1 year).
Here are some tips you can follow: Talk to a Lawyer. Consider the Scope of the Agreement. Limit the Scope of the Agreement. Exclude Certain Activities from the Agreement. Negotiate a Severance Package in Exchange for Signing the Agreement. Dont Sign the Agreement If You Disagree or Dont Understand It.

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