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Why would an employer want employees to sign non-compete agreements?
Non-compete agreements help protect a company's relationships with its clients.? They also protect the company's investment in the training of its employees by preventing an employee from becoming a business rival in the same geographic area.
When do employers have employees sign a non-compete agreement?
In general, a prospective employee is required to sign a non-compete agreement as a condition of being hired.? Occasionally an employee may be required to sign the agreement as a condition of continued employment with the company.
Employee Non-Compete Agreement
What is a non-compete agreement?
It is an agreement to restrict an employee from working for a competitor, or otherwise working in the same or similar field as his or her employer.? The agreement is effective while the employee is working for the employer and for a set period of time after leaving the company.
What elements should be specified in a non-compete agreement?
To be legally enforcable, a non-compete agreement generally includes:
- a reasonable time limit
- a reasonable geographic limitation
- specified restricted activities
Why would an employer want employees to sign non-compete agreements?
Non-compete agreements help protect a company's relationships with its clients.? They also protect the company's investment in the training of its employees by preventing an employee from becoming a business rival in the same geographic area.
When do employers have employees sign a non-compete agreement?
In general, a prospective employee is required to sign a non-compete agreement as a condition of being hired.? Occasionally an employee may be required to sign the agreement as a condition of continued employment with the company.
Please be aware that these sample letters and forms may have legal and financial implications. Please consult with your own legal advisor if you have any questions or concerns regarding the use of any of these letters and forms.