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Non-Compete Agreement Form
(INCLUDED FREE WITH OUR PACKAGE)
In the U.S., a non-compete agreement pertains to a document or a clause included within another document , such as a separation or non-disclosure agreement. It is sometimes referred to as a noncompete agreement or non-competition agreement, or non-comp for short. In layman's terms, it's an agreement not to compete. It is important to have your employee sign such an agreement prior to their hire, when they leave their job, or all of the above.
Regardless of the circumstances, it's a contract. If you sign it, typically they are agreeing that they will not compete with you by engaging in any business similar in nature, as an employee, independent contractor, owner, part owner, significant investor, and whatever else you choose what basis to cover. You can even limit them from working in the same industry, even if they don't work for your competition. You can also set the time frame in which they are not allowed to work or compete with you . |
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