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.
A non-compete agreement is typically in effect for a certain
period of time after employment ends. It is important to determine these dates
well in advance and to seek legal counsel, as employers can set non-compete
agreements only within a realistic timeline and cannot permanently prevent
former employees from furthering their careers in that field.
Agreement legal in India?
Yes, it is legal in India if you pay consideration for it.
What Information Do We Need?
1 Name of Parties along with Father name and permanent
2 Date and Duration of Agreement
4 Reason for agreement
5 Individuals who will sign the agreement