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NON DISCLOSURE and NON COMPETE AGREEMENT This NonDisclosure and NonCompete Agreement ( "Agreement ") is made this Date by and between Party ( "Owner "); and Party (Recipient) 1.

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Q: Can I work for a competitor if I sign a non-compete agreement in India? Ans: Indian law prohibits non-compete clauses, and they may not be enforceable. In agreements containing such non-compete clauses, former employees are usually disincentivised from joining their competitors since they are unenforceable.

The goal of any non-compete agreement is to protect trade secrets. If you can show that your former role did not require you to access trade secrets, you should be able to accept employment with any company.

Commonly, an NCA is signed by an employee as part of a severance agreement, although some businesses require new hires to sign them. Non-compete agreements signed in one jurisdiction may or may not be binding in another, depending on local laws. See also: non-disclosure agreement (NDA)

Even if there is any such contract, such contracts are void in respect of particularly those terms. The Hon'ble Supreme Court of India in numerous decisions has held that an employee can join any company he wants. It does not matter whether such company was a client/ competitor.

A non-compete agreement is only used between an employee and a business to specify who may hire them should they leave the company. An NDA is much broader and is used to protect any personal or business-related information that one or both parties want to remain confidential.

Non-compete clause is prohibited under the Law of Contracts. Section 27 of the Contract Act provides – 'Every agreement by which anyone is restrained from exercising a lawful profession or trade or business of any kind, is to that extent void'.

Injunction (Stay): The employer may seek an injunction from a court, prohibiting the employee from engaging in any activities that breach the non-compete clause. Damages: The employer may also seek damages from the employee, as compensation for any losses suffered as a result of the breach of the non-compete clause.

An NDA may also be referred to as a confidentiality agreement. Non-disclosure agreements are common for businesses entering into negotiations with other businesses. They allow the parties to share sensitive information without fear that it will end up in the hands of competitors.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232