Non Competition Agreement Template

Secretary of the commonwealth citizen information service 2007.

Non competition agreement template. Non compete agreements are used most often in highly competitive industries such as technology development sales and marketing. A non compete agreement is a document that attempts to block an individual or entity from potentially entering into competition with another party. A non compete agreement is a document used to protect employers from partners employees contractors and other individuals with access to their business secrets and practices using that access to leave the company to start their own competing business in the same industry. An explanation on covenants not to compete in massachusetts mass.

First name last name. A sales non compete agreement is created specifically for employees in sales roles. Download this free non compete agreement template as a word document to help ensure former employees cannot compete with your business. On a number of occasions it is possible that a former employee or employees who have been trained given special accesses to an organization s operational protocols and are in custody of the company s sensitive documents get to come back and compete with the same company.

Fair competition law beck reed riden llp this source focuses on more than just noncompetition and includes. For this article we will get you covered in all the aspects involved in creating an effective non compete agreement. Employee hereby covenants and agrees that employee will not without the prior written consent of the company directly or indirectly whether individually or through any entity controlled by employee during the term of this agreement and for a period of 3 years from the termination of this agreement for any reason directly or indirectly on his own behalf or in the service or. Complete the form below to get your free template.

Get your free template. The non compete agreement is a legal document under which the restricted party the party agreeing to not compete with the other party agrees to not enter into the competition of any kind during and for such duration after the termination of the business relationship with the protected party the party who wants to protect their business secrets. Use these 37 free non compete agreement templates ms word to come up with your own comprehensive agreement for upcoming ventures. It is usually enforced by an employer when an employee is about to resign.

These agreements typically include details about the salesperson s sales restrictions and their limitations when selling for other parties. This non compete agreement template is written very generally to allow a company to hire a person to work for them and then attempt to bind them to a promise that they will not compete with the company for a specific period of time after the business relationship is over. This is most common when hiring employees as individuals will be exposed to sensitive information about an entity that could later be used against it if the employee decided to create a like business in the future.