Non Compete Agreement Colorado Template

This is most common when hiring employees as individuals will be exposed to sensitive information about an entity that could later be used against it if the employee decided to create a like business in the future. If you still have more questions about your specific agreement and are non compete agreements enforceable call us. Exceptions to a non compete agreement are the sale of a business protection of trade secrets recovery of expenses for training and restraint on activities of key personnel.

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Colorado Non Compete Agreement Template Eforms Free

39 Ready To Use Non Compete Agreement Templates ᐅ Template Lab

Below is a free non compete agreement template from docracy.

Non compete agreement colorado template. A step by step process of writing a non compete agreement. Some industries use them across the board such as the recruiting industry. Were experts on all things related to non compete agreements and their legality and enforceability within the state of colorado. Non compete agreements templates examples.

The non compete agreement is designed to protect you from an employee leaving and going to a direct competitor with your client list or other proprietary information. To schedule a free consultation please call 303 785 7777. Non compete employment agreements in colorado. Although the state of colorado allows and enforces non compete agreements it also recognizes a persons need to.

Company address including city state and zip code. Please note that this article contains general information only so you should consult your own legal professional before making any decisions on nca contracts. In this first portion of the non compete agreement provide the company information that the individual is agreeing not to compete with. However you might want to quickly check our table on states that exclude non compete agreements.

A non compete agreement is a document that attempts to block an individual or entity from potentially entering into competition with another party. The purpose of non compete employment agreements is to restrict employees from working for a competing employer or starting a competing business after their employment ends. Non compete agreements are disfavored in colorado and generally prohibited crs. Non compete agreements also known as covenant not to compete cnc non compete clause ncc and restrictive covenants are becoming increasingly common in employment applications employment agreements and in contracts for the sale of businessesthe purpose of this agreement is restrict any employee from going into a business same as their former company.

This should include the following information. A non compete agreement is a document used to protect employers from partners employees contractors and other individuals with access to their business secrets and practices using that access to leave the company to start their own competing business in the same industry. Non compete agreements are used most often in highly competitive industries such as technology development sales and. Because non compete agreements discourage competition they are disfavored in the eyes of the law and are narrowly construed.

What is a non compete agreement. A non compete agreement in the state of colorado is a legal document that allows employers and business partners to receive written consent that the person will not disclose company trade secrets or engage in competitive behavior.