Non Compete Non Solicitation Agreement Template

A non compete agreement also referred to as a non solicitation agreement is a contract that is usually made between an employer and an employee to ensure that any information learned about the business is not used against the employer in the future therefore the employee will be prohibited depending on what s written in the agreement from working for competitors starting their own.

Non compete non solicitation agreement template. While the previous type prevents a former employee to steal customers this type of non compete agreement prevents an ex employee from hiring their former co workers in their new business or new company. Non solicitation of employees agreement. A non competition agreement is used to prevent a former employee from working for another company in the same industry one that would be a competitor of the employee s previous employer while a non solicitation agreement is used to prevent the former employee from soliciting a former employer s clients or staff. Non competition and non solicitation agreement. This sample agreement should be tailored to each party s specific needs and.

This template will ensure that employees recognize their obligation to protect and secure their employers intellectual property during and after their time as. He also commits not to enter into any form of competition with the employer at the conclusion of the employment contract. The information provided in this sample confidentiality non competition and non solicitation agreement is intended for illustrative purposes only and should not be cons trued as legal advice generally or for application to any specific factual or legal circumstance. Employee agrees that during employee s employment hereunder and for a period of one 1 year the non compete period after the later of the effective date of termination of this agreement or the date of entry by a court of competent jurisdiction of a final judgment enforcing this covenant employee will not as an officer director. During the term of your employment and for a period of one 1 year immediately thereafter you agree not to solicit any employee or independent contractor of the company on behalf of any other business enterprise nor shall you induce any employee or.

Sample non compete and non solicitation agreement this is an agreement between name of employee you and name of company company. A non solicitation agreement is vital if an employee has access to systems processes or other intellectual property belonging to the employer. This will prevent the scenario of the company being brain drained of its work force. A non compete agreement is a contract an employer gets into with their employee to prevent any competition in a specified period both during and after employment. In so doing the employee promises not to spill any trade secrets which he shall gain from the company.

The agreement bars the employees from using knowledge and secrets learned from the employer to start a competing business or work with a competitor.