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 favour of the employer.
FOR GOOD AND VALUABLE CONSIDERATION, the receipt of which is hereby acknowledged, the Employee agrees not to compete with or solicit from the Company, or its successors or assigns, subject to the terms and conditions of this Agreement.
The Employee undertakes to and agrees with the Company that neither it (nor any of its Subsidiaries) shall:
(a) compete with the Company's Business;
(b) solicit from the Company any customers, clients, directors, officers, employees and consultants; and
(c) keep confidential any trade secrets, customers data, other confidential and proprietary information obtained from the Company.