Slide size in a Non-Compete Agreement Template - Online Editor

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How to slide size in the Non-Compete Agreement Template

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In this video, Steve Lato discusses the legality of non-compete agreements, which are contracts where one party agrees not to compete with another for a specified time and location. He emphasizes that while the enforceability of these agreements can vary by state, they are generally considered enforceable as long as they are reasonable. Lato advises viewers to keep in mind that his comments are not legal advice applicable to specific cases. For personalized guidance, he encourages contacting local attorneys to understand the statutes applicable in their area. He also notes that the general principles around non-compete agreements are consistent across most states.

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How long do most non competes last?

On average, noncompete agreements stop former employees from taking a new job at a competing company for anywhere from six months to a year. However, in some high tech fields where employees have access to extremely sensitive information about new technologies, noncompete agreements could last as long as two years.

What makes a non-compete invalid?

Courts commonly invalidate non-compete agreements that are overly broad regarding the types of prohibited activities. For example, you cant restrict an employee from taking on work thats unrelated to the work they performed for you.

What is the radius of a non-compete?

Geographic scope Consider how the radius may differ in a densely populated urban area compared to a rural area. A five-mile radius may be reasonable in the former, while a 25-mile radius might be acceptable for the latter.

What does a typical non-compete agreement look like?

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

What is a reasonable geographic limitation in a non-compete agreement?

To be reasonable, the geographic restrictions should protect the legitimate business interests of the company, while being no greater than what is necessary to provide that protection.

What is the standard length of a non-compete agreement?

A Non-Compete Agreement typically lasts six months to two years, but varies depending on your states laws. A judge is likely to find anything longer than that to be unreasonable, and an indefinite agreement is out of the question.

What are the elements of a non-compete agreement to be valid?

For the court to enforce a non-compete clause, the agreement must be reasonable and fair to the employee and specific in its restrictions. When the agreement covers a short duration of time, such as six months to one year, and a not-too-large geographical location, the employer may obtain an edge in enforcing it.

What is a reasonable non-compete period?

Typical non-compete periods are six months to one year, but they can last longer. However, it is difficult for businesses to enforce long-term non-compete agreements legally.

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Slide size in the Non-Compete Agreement Template