One way Non Compete and Non Solicitation agreement for employment. It imposes a unilateral non-compete and non-solicitation obligation on the employee. This is drafted in short and simple form to procure signing without negotiation. This is drafted in neutral form.
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This is a template for Non-Compete agreement for employment. It imposes a unilateral non-compete and non-solicitation obligation on the employee. This is drafted in short and simple form to procure signing without negotiation.
This is drafted in favour of the employer. It enables the employer to apply for injunctive relief, liquidated damages and/or profits received in the event of a breach of the Agreement by the employee.
How to use this Document?
This document comes into play when you need to restrict an employee from competing with the Company's business and to not to solicit the clients, customers of the company after the termination of employment.
The time period and the geographical area for non-competition must be clearly mentioned in the template.
Both parties should sign and return a copy, and once signed, both parties should get a copy. To avoid any future disputes, both parties may wish to have their signatures witnessed.