Non Compete Agreement Template Free Download

NON-COMPETE AND NON-SOLICITATION AGREEMENT

THIS NON-COMPETE AND NON-SOLICITATION AGREEMENT (the "Agreement") is entered into as of this ______ day of __________________, 20____ (the "Effective Date"), by and between:

EMPLOYER: ___________________________________________________________, located at ___________________________________________________________ (the "Company"),

AND

EMPLOYEE: ___________________________________________________________, residing at ___________________________________________________________ (the "Employee").

(Collectively referred to as the "Parties.")

1. PURPOSE

The Employee acknowledges that in the course of their employment with the Company, the Employee will be granted access to Confidential Information, trade secrets, and proprietary business relationships that constitute the Company’s competitive advantage.

2. NON-COMPETE RESTRICTION

During the term of the Employee's employment and for a period of ______ months following the termination of employment for any reason, the Employee shall not, directly or indirectly, engage in, consult with, or own any interest in any business that competes with the Company’s business of ___________________________________________________________ within the geographic area of ___________________________________________________________.

3. NON-SOLICITATION

During the term of the Employee's employment and for a period of ______ months following the termination of employment, the Employee shall not, directly or indirectly: (a) Solicit, induce, or attempt to persuade any client, customer, or vendor of the Company to cease or reduce their business relationship with the Company. (b) Solicit, recruit, or hire any employee or independent contractor of the Company to terminate their relationship with the Company.

4. CONFIDENTIALITY

The Employee agrees to hold all Confidential Information in strict confidence and shall not, during or after the term of employment, disclose such information to any third party or use it for any purpose other than the benefit of the Company.

5. CONSIDERATION

The Employee acknowledges that their employment (or continued employment) and the access to proprietary information and specialized training provided by the Company constitute sufficient consideration for the obligations set forth in this Agreement.

6. REMEDIES

The Employee acknowledges that any breach of this Agreement would cause irreparable harm to the Company for which monetary damages would be inadequate. Consequently, the Company shall be entitled to seek injunctive relief in addition to any other legal or equitable remedies available.

7. GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the State/Province of ______________________. Any disputes arising under this Agreement shall be subject to the exclusive jurisdiction of the courts located in ______________________ County.

8. SEVERABILITY

If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall continue to be valid and enforceable to the fullest extent permitted by law.

9. ENTIRE AGREEMENT

This Agreement constitutes the entire understanding between the Parties regarding the subject matter herein and supersedes all prior agreements, whether written or oral.

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.

EMPLOYER:

Signature: ___________________________ Print Name: __________________________ Title: ________________________________

EMPLOYEE:

Signature: ___________________________ Print Name: __________________________