Understanding the Non Compete Agreement | Non Compete Contract

Protect Your Assets with Non Compete Agreement

Before disclosing confidential and proprietary information to contractors, employees or other third parties, protect your assets by requiring the receipient to sign a non compete contract or an agreement incorporating essential noncompete agreements language.

Confidentiality Agreements

In addition to non compete contracts, Comprehensive Confidentiality Agreements are one means by which you can protect your intellectual property assets.

Click here to review a Confidentiality Agreement Checklist.

Non Compete Agreement Checklist

     Non compete agreements are often a part of (or clause within) a broader agreement, e.g. an independent contractor agreement, employment agreement, confidentiality agreement distributorship agreement, etc.  The following is a helpful non-exclusive checklist for a non-compete clause.

  • Describe the consideration provided (e.g., salary, payment, disclosure, etc.). 
  • Describe restrictive time period (must be reasonable and enforceable).
  • Describe geographical scope of restriction. 
  • Describe scope of restricted activities, e.g.  "employee will not  . . . 

          1. contact or solicit customers                      

          2. discourage customers

          3. participate in, restricted activities, e.g.  engage in business that competes, etc.

  • Require attorneys fees and cost be paid in event of breach of
    Non Compete Agreement. 
  • Provide for injunctive remedy, in addition to other remedies in event of breach of Non Compete Contract.

    Note, non-circumvention provisions may also be appropriate in certain circumstances.

The above is not an exclusive list and this language alone does not create a binding contract.  Consult a business attorney regarding your specific situation.  Click here for a Free Consultation.
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DISCLAIMER: These materials have been prepared by Grenier Law Offices, PC for informational purposes only and are not legal advice. This information is not intended to create, and receipt of it does not constitute, a lawyer-client relationship. Readers should not act upon this information without seeking direct professional counsel. See further notices in our Terms of Use.      michelle@contactmylawyer.com