Free Sample Non-Compete Agreement Template
Sample Non-Compete Agreement
1. Introduction
This Non-Compete Agreement ("Agreement") is entered into as of [Date] by and between [Your Company Name], with its principal place of business at [Your Company Address] ("Employer"), and Chloe Emard, residing at Knoxville, TN 37901 ("Employee").
2. Purpose
The purpose of this Agreement is to protect the legitimate business interests of the Employer, including the protection of trade secrets, confidential information, and goodwill, by restricting the Employee from engaging in certain competitive activities as described herein.
3. Definition of Non-Compete
For purposes of this Agreement, "Non-Compete" means that the Employee shall not engage in any business activities that are directly or indirectly in competition with the Employer's business activities during the term specified in this Agreement.
3.1 Restricted Activities
The Employee agrees not to, directly or indirectly, engage in, own, manage, operate, finance, control, or participate in the ownership, management, operation, financing, or control of any business that competes with the Employer's business.
3.2 Geographical Scope
This non-compete restriction shall apply within [Geographical Area/Region].
4. Term of the Agreement
This Agreement shall commence on the Effective Date and remain in effect for a period of [Number of Months/Years] following the termination of the Employee's employment with the Employer, regardless of the reason for termination.
5. Consideration
In consideration of the Employee entering into this Agreement, the Employer agrees to provide the Employee with [Consideration Description], the receipt and sufficiency of which is hereby acknowledged.
6. Confidentiality
The Employee acknowledges that during the term of employment with the Employer, the Employee will have access to confidential information and agrees to maintain the confidentiality of such information during and after the term of employment.
7. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [State], without regard to its conflict of laws principles.
8. Severability
If any provision of this Agreement is held to be invalid or unenforceable, such provision shall be severed, and the remaining provisions shall continue to be valid and enforceable.
9. Entire Agreement
This Agreement constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior agreements or understandings, whether written or oral, relating to its subject matter.
Signatures
IN WITNESS WHEREOF, the parties have executed this Non-Compete Agreement as of the date first above written.
[Your Name]
[Your Company Name]
Employer
Chloe Emard
Employee
