Non Compete Agreement Template

We have created Non Compete Agreement template with simplicity in mind. It is an easy to use and ready made Non Compete Agreement template that enables you to know exactly what the client’s responsibilities are and saves your time and money.

Free Non Compete Agreement Template Samples

 

To help you grow your Business we have made a quite simple yet reliable Non Compete Agreement template in Word and PDF versions so you can use it repeatedly.

What’s in this template?
  • • Scope of work
  • • Indemnity
  • • Payment terms
Click here to get your free Non Compete Agreement template

What is a Non Compete Agreement ?

A non-compete agreement is a legal agreement or clause in a contract specifying that an employee must not enter into competition with an employer after the employment period is over. These agreements also prohibit the employee from revealing proprietary information or secrets to any other parties during or after employment.
Many contracts specify a certain length of time when the employee is barred from working with a competitor after they end employment. Employers may require employees to sign non-compete agreements to keep their place in the market. Those required to sign these agreements may include employees, contractors, and consultants.
The validity and enforcement of a non-compete vary by jurisdiction and may require the former employer to keep paying the ex-employee a base salary during the non-compete period

Why should I have a non compete agreement?

A non-compete agreement prevents employees from entering into competition with you during or after employment. It prevents employees from entering into markets or professions with you.

Pros:

  • Protects a company’s trade secrets: Noncompete agreements can prevent employees from taking sensitive information to a competitor.
  • May reduce turnover: Companies with non compete agreements may be a good fit with workers who have a lesser desire to change jobs.
  • May incentivize an employer to provide costly training: The chance is reduced of an employee taking the skills learned from costly training and taking them to another company

Cons:

  • Can reduce a worker’s bargaining power: An estimated 37% of workers are asked to sign a noncompete agreement after beginning work, when they have little leverage and have closed the door to other opportunities.
  • May cause a worker to leave a field entirely, taking their expertise with them: Noncompetes can have an adverse effect on the workforce by preventing top talent from using their skills and experience, essentially forcing them out of the field.

What Industries use Non-Compete Agreements?

Non-compete agreements are common in the media. 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. In most jurisdictions, this would be considered a reasonable cause to sign a non-compete agreement.

Non-competes are also common in the information technology (IT) sector, where employees are often charged with proprietary information that may be deemed valuable to a company. Other places where these agreements are found include the financial industry, the corporate world, and manufacturing.

Non-Compete vs. Non-Disclosure Agreements:

Non-compete agreements are distinct from non-disclosure agreements (NDAs), which generally don’t prevent an employee from working for a competitor. Instead, NDAs prevent the employee from revealing information the employer considers to be proprietary or confidential, such as client lists, underlying technology, or information about products in development.

Download Non Compete Agreement Template

As a professional Businessman, you make your living from completing Non Compete Agreement as rapidly as possible without compromising the quality. The final thing you need to stress around is contract compliance
That’s why we’ve drawn up a simple Non Compete Agreement template for you to utilize with each new tasksparing you valuable time.
Click below to download our free sample Non Compete Agreement

Important Terms

What should be included in a standard non-compete agreement?

A standard Non-compete Agreement should include the following things:
  • Name of employer.
  • Name of the employee.
  • Type of work that is restricted.
  • Terms of restriction.
  • Jurisdiction.
  • Duration of the agreement.

Does a non compete agreement need to be notarized?

No. There is no statutory or common law requirement that a non-compete agreement be notarized. It has to be signed by the party against whom enforcement is sought to be enforceable, though

How enforceable is a non compete agreement?

Non-compete agreements are often restricted or not enforceable, because they are so restrictive. They are illegal in California, unless you are selling a business. Other states enforce some provisions, like trade secret protection, but not the work restrictions

How long are non compete agreements good for?

The time frame for non-compete agreements must be for a reasonable duration and is usually determined by the state. Non compete agreements generally last two to three years.

Speed up your signing process

Get rid of the hassle of sign the same document over and over again. When you need to do this, templates re good to go. Everything is ready-made. You will never have to compile the documents manually 

Frequently Asked Questions

FAQ about our Non Compete Agreement Templates

 we recognize that your contract layout conditions may need to be changed to be in line together with your client’s needs. That’s why we have made Contrat in Word format as well so  that you’ll be able make adjustments as you like. If you want to make important changes to the template, we propose you to get help of  a lawyer or conveyancer to make sure you still have protection.

If you break a non-compete agreement, you could, in theory, be sued. State law (and it differs state by state) sets the enforceability (or not) of non-compete agreements.

When you are offered a job, you may be asked to sign a non-compete agreement as part of your employment terms. If you want to negotiate it, you should reach out to an employment attorney for help. Talking to the company’s human resource manager about your concerns is another way to open the door to negotiating your agreement.

Maybe, but it may require going to court. It is wise to contact an attorney if you consider trying to get out of a non-compete agreement.

Download Non Compete Agreement Template

As a professional Businessman, you make your living from completing Non Compete Agreement as rapidly as possible without compromising the quality. The final thing you need to stress around is contract compliance
That’s why we’ve drawn up a simple Non Compete Agreement template for you to utilize with each new tasksparing you valuable time.
Click below to download our free sample Non Compete Agreement

Put Your Business on Autopilot With Agiled

Download Non Compete Agreement Template Doc

Download Non Compete Agreement Template PDF