Free Non-Compete Agreement Form Template

Non-Compete Agreement Form

I. The Parties

This Non-Compete Agreement ("Agreement") is entered into as of Month Day, Yearby and between [Your Company Name]with a primary place of business at [Your Company Address] ("Company"), and Employee's Namewith a primary place of residence at Employee's Address ("Employee"). The Company and Employee may collectively be referred to as the ("Parties") or individually as a ("Party").

WHEREAS, the Company is engaged in the business of Business Description, and has developed confidential, proprietary, and trade secret information crucial to its success;

WHEREAS, the Employee has been employed by the Company in the capacity of Job Title, gaining access to certain confidential and proprietary information;

WHEREAS, the Parties desire to enter into this Agreement to protect the legitimate business interests of the Company and to define the terms under which the Employee will not compete with the Company.

NOW THEREFORE, in consideration of the mutual promises contained herein, and for other good and valuable consideration, the Parties agree as follows:

II. Non-Compete

A. Restriction on Competition

The Employee agrees that during their employment with the Company and for a period of Number years after the termination of such employment, they shall not, directly or indirectly, engage in any business or activity that competes with the business of the Company. This restriction includes, but is not limited to, working for, consulting with, or having any ownership interest in any company that is in direct competition with the Company. The Employee understands that this restriction is necessary to protect the Company's proprietary and confidential information.

B. Geographic Scope

This Non-Compete restriction shall apply within Geographic Area. The Employee acknowledges that the Company operates in this region and that this geographic scope is reasonable given the nature of the Company's business. This geographic restriction is essential to prevent the Employee from unfairly competing by leveraging the Company's confidential information.

C. Limited Exceptions

The restrictions contained in this section shall not apply if the Employee obtains written consent from the Company. Any activity outside the defined scope or geography, with express written approval, shall not be considered a violation of this Agreement. This approval must be obtained in advance and documented by both Parties.

III. Duration

The Parties agree that the time period specified in Section II A is reasonable and necessary to protect the Company's interests. In the event of a breach of this Agreement, the duration of the non-compete obligation may be extended by the length of time that the breach continues. The Company reserves the right to seek injunctive relief to enforce the duration of this Agreement.

IV. Confidential Information and Exclusions

A. Confidential Information

The Employee acknowledges that during the course of employment, they will have access to confidential and proprietary information belonging to the Company. This includes, but is not limited to, client lists, financial data, business strategies, and any other non-public information that provides the Company with a competitive advantage. The Employee agrees to maintain the confidentiality of such information both during and after their employment. This obligation is essential to protect the Company’s business interests.

B. Exclusions

The obligations regarding confidentiality do not extend to information that is or becomes publicly available without the breach of this Agreement, is disclosed by a third party not in violation of a confidentiality obligation or is required to be disclosed by law. The Employee must notify the Company immediately if any such disclosures are required by law. This exclusion ensures that the Employee is not unfairly bound by information that is already in the public domain.

V. Return and/or Destruction of Confidential Information

Upon the termination of the Employee’s employment, whether voluntary or involuntary, the Employee agrees to return to the Company all documents, files, and any other materials containing confidential information. This includes both physical and electronic copies. The Employee further agrees to certify, upon the Company’s request, that all confidential information has been returned or destroyed.

In the event the Employee has stored confidential information on personal devices, the Employee shall, within Number days of termination, permanently delete all such information and provide written certification of its destruction. Failure to comply with this obligation may result in legal action, including but not limited to, claims for damages or injunctive relief.

VI. Enforcement

In the event of a breach or threatened breach of this Agreement, the Company shall be entitled to seek injunctive relief, in addition to any other remedies available at law or in equity. The Employee acknowledges that a breach of the non-compete or confidentiality obligations would cause irreparable harm to the Company, for which monetary damages alone would be insufficient. Therefore, the Employee agrees that the Company has the right to seek injunctive relief to prevent or remedy any such breach.

The Employee further agrees to reimburse the Company for any legal fees and expenses incurred in enforcing the terms of this Agreement, provided that the Company prevails in such enforcement. This provision serves as a deterrent against potential violations and ensures that the Company can protect its interests without undue financial burden.

VII. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State Name, without regard to its conflict of laws principles. The Parties agree that any disputes arising from or relating to this Agreement shall be resolved in the courts located within State Name. The Employee expressly consents to the jurisdiction and venue of such courts. This provision ensures that both Parties have a clear understanding of the applicable law and forum for resolving disputes.

VIII. Miscellaneous Provisions

A. Severability

If any provision of this Agreement is found to be invalid or unenforceable by a court of competent jurisdiction, such invalidity or unenforceability shall not affect the validity or enforceability of the remaining provisions. The Parties agree that the remaining provisions shall continue in full force and effect.

B. Amendments

This Agreement may only be amended or modified by a written agreement signed by both Parties. Any oral modifications or amendments shall be considered null and void. This ensures that any changes to the Agreement are formal and mutually agreed upon.

C. Waiver

The waiver of any right or provision under this Agreement shall not be deemed a waiver of any other right or provision. No waiver shall be effective unless it is in writing and signed by the Party waiving such right or provision. This clause ensures that any waiver is intentional and documented.

D. Assignment

The Employee may not assign or transfer any rights or obligations under this Agreement without the prior written consent of the Company. The Company may assign its rights and obligations under this Agreement to any successor or affiliate. This provision protects the integrity of the Agreement in the event of a change in circumstances.

E. Entire Agreement

This Agreement constitutes the entire agreement between the Parties regarding the subject matter hereof and supersedes all prior and contemporaneous agreements, understandings, and negotiations, whether written or oral. This ensures that all terms are clear and consolidated into one binding document.

F. No Employment Guarantee

Nothing in this Agreement shall be construed as a guarantee of continued employment. Employment with the Company is at-will, and either Party may terminate the employment relationship at any time, with or without cause. This section reinforces the at-will nature of the employment.

IX. Signatures

IN WITNESS WHEREOF, the Parties hereto have executed this Non-Compete Agreement as of the day and year first above written.

Company

Name:

Date:

Employee

Name:

Date:

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