Competition Noncompetition Within A Company In Arizona

• Category: Employment - Agreements - Confidentiality
• State: Multi-State
• Control #: US-00046
• Format: Word; Rich Text

Description

The Employee Confidentiality and Unfair Competition Agreement is a legal document used in Arizona to protect a company's confidential and proprietary information and establish noncompetition clauses for employees. This form outlines the responsibilities of the employee in safeguarding sensitive information acquired during their employment. Key features include definitions of confidential information, non-disclosure obligations lasting five years post-employment, and a two-year non-competition period after leaving the company. Users must fill in specific details about the employee, the company, and relevant business interests, ensuring compliance with Arizona laws and company policy. The form also emphasizes the employee's duty to return all confidential information upon termination of employment. Seven essential sections detail the terms and conditions, including the assignment of inventions and the consequences of breach. This form is particularly relevant for attorneys, partners, owners, associates, paralegals, and legal assistants assisting in employment matters, facilitating clear communication of legal expectations and rights concerning confidentiality and competition restrictions.