Non-Compete Agreement
Non-Compete Agreement
I. Agreement Overview
This Non-Compete Agreement (the "Agreement") is made and entered into as of August 21, 2050, by and between [Your Company Name] (the "Company") and John Doe (the "Employee").
II. Definition of Competitors
For the purposes of this Agreement, "Competitor" shall include any business or entity that operates within the same industry as the Company, including but not limited to any business engaged in software development, digital marketing, and related technology services.
III. Duration of Non-Compete
The Employee agrees that, for a period of 12 months following the termination of their employment with the Company, whether such termination is voluntary or involuntary, the Employee shall not, directly or indirectly, engage in any business or occupation that competes with the Company.
IV. Geographic Scope
The geographic scope of this non-compete obligation shall be limited to the metropolitan area of San Francisco, California.
V. Consideration
In consideration for the Employee’s agreement to abide by the terms of this Non-Compete Agreement, the Company agrees to provide a severance payment equivalent to two months of the Employee’s base salary.
VI. Confidentiality
The Employee agrees to maintain the confidentiality of all proprietary and confidential information belonging to the Company, both during and after the term of their employment. This includes but is not limited to trade secrets, client lists, and business strategies.
VII. Enforcement and Remedies
The Employee acknowledges that any breach of this Agreement may cause irreparable harm to the Company, and agrees that the Company shall be entitled to seek injunctive relief, in addition to any other legal or equitable remedies available, to enforce the terms of this Agreement.
VIII. Miscellaneous
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Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the state of California.
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Severability: If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
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Entire Agreement: This Agreement constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior agreements or understandings.
IN WITNESS WHEREOF, the parties hereto have executed this Non-Compete Agreement as of the day and year first above written.
[Your Company Name]
Name: [Your Name]
Title: Chief Executive Officer
Employee
Name: John Doe
