NON COMPETE AGREEMENT
What is NON Compete agreement?
A non-compete agreement is a contract between an employee and an employer in which the employee agrees not to enter into competition with the employer during or after employment. These legal contracts prevent employees from entering into markets or professions considered to be in direct competition with the employer.
Why Employers Use Them
These agreements have specific clauses stating that the employee will not work for a competitor after his or her employment is over. Employees are also prevented from working for a competitor even if the new job wouldn't involve the disclosure of trade secrets.
Duration
A non-compete agreement is typically in effect for a certain period of time after employment ends. The duration is always mentioned in the agreement.
Legal Validity
Non Competing agreement is legally valid.
What Is Included in Non-CompetingAgreement?
- An effective date on which the agreement will begin.
- A reason for enacting the agreement.
- Specific dates during which the employee will be barred from working in a competitive sense and the location covered by the agreement.
- Details as to how the noncompeting party will be compensated for agreeing to the terms.
Popular Posts
-
Discuss the duties of Subscribers under the information...
Bhavpreet Singh Soni Jun 3, 2020 0 16564
-
Define Criminology and discuss its nature and scope.
Bhavpreet Singh Soni Mar 7, 2020 0 7939
-
What is meant by ‘May Presume’, ‘Shall Presume’ and ‘Conclusive...
Bhavpreet Singh Soni Dec 26, 2019 0 7721
-
Important questions in company law from exam point of view...
Bhavpreet Singh Soni Feb 10, 2020 0 7516
-
Mention different schools of criminology. Discuss the classical...
Bhavpreet Singh Soni Mar 7, 2020 0 5733
Our Picks
-
What is IMPUGNED TRADEMARK
Bhavpreet Singh Soni Sep 19, 2020 0 1130
-
Legal action you can take when your website is Hacked
Bhavpreet Singh Soni Sep 18, 2020 0 418
-
WHETHER THE TERMS OF USE AND SERVICE OF A WEBSITE ARE ENFORCEABLE...
Bhavpreet Singh Soni Sep 13, 2020 0 2
-
Roles & Responsibilities of the CEO, COO & CFO in the Company
Bhavpreet Singh Soni Feb 8, 2020 0 431
-
Tata Sons Vs Cyrus Mistry case study
Bhavpreet Singh Soni Jan 29, 2020 0 531
Categories
- CIVIL (25)
- Career (15)
- Motivation (68)
- Voice of Truth (14)
- CRPC (4)
- Business (197)
- Technology (16)
- Evidence Act(24)
- COPYRIGHT ACT (58)
- Trademark (173)
- Candy Trademark (1)
- Patent (46)
- Company law (10)
- Consumer act (1)
- Criminology and Penology (13)
- Cyber (34)
- E Commerce (5)
Voting Poll
What do you want to become in your life?
Total Vote: 71
Lawyer