Non Solicitation Agreement Template Free
Non solicitation agreement review list.
Non solicitation agreement template free. You want your non compete form to be airtight so dont assume that it is just because you used a free non compete agreement template. At this point the employee should be given ample opportunity to ask questions. This non solicitation agreement is between a company and an employee. This template will ensure that employees recognize their obligation to protect and secure their employers intellectual property during and after their time as.
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. Present the non compete contract to your employee. This agreement sets out employees agreement not to solicit companys employees in the event he or she leaves or is terminated from the company. The best thing to do is read through the document with them.
In the mutual version they are placed on both parties. Non solicitationthe executive further agrees that as long as the agreement remains in effect and for a period of one 1 year from its termination the executive will not divert any business of the company andor its affiliates or any customers or suppliers of the company andor the companys andor its affiliates business to any other person entity or competitor or induce or attempt. This is a non solicitation agreement template. The non solicitation restriction can be two fold.
Non solicitation agreements are particularly important in sales jobs where sales people like bees between the flowers can float around from employer to employer and take significant business. A non compete agreement is complementary to non disclosure agreements as both such agreements deal with prohibition of disclosure of business information of the employer. 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 need help in drafting such agreements the non compete agreement templates discussed above would be really handy.
This non solicitation agreement must be signed and dated by both company and the employee. This review list is provided to inform you about this document in question and assist you in its preparation. In the unilateral version of this document the restrictions are placed on one party only. An employee non solicitation agreement often extends to also include a no compete clause.
It also contains a provision regarding non competition. Non compete agreements are used most often in highly competitive industries such as technology development sales and. A non solicitation agreement is vital if an employee has access to systems processes or other intellectual property belonging to the employer.