Non Competition Clause In Contract

State:
Multi-State
Control #:
US-61125NC
Format:
Word; 
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Description

This agreement is entered into by a seller and a buyer. Seller covenants and agrees that seller will not engage directly or indirectly in any business competitive with the business buyer is purchasing from seller within a certain number of miles of the nearest city limit.
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FAQ

Non-competes restrict where and when you can work after leaving your current job. Such agreements prohibit an employee from working for a competitor or from starting her own competing business within a geographical area for a certain period of time after leaving her job usually between six months and two years.

Here are some tips:What is a noncompete agreement?Keep the group small.Keep the restrictions reasonable and narrow.Provide consideration for the agreement.Get it in writing.Prepare multiple versions if necessary.Concede choice of law/forum.Provisions to include.

What Does California Law Say About Non-Competes? According to the California Business and Professions Code Section 16600, every contract by which anyone is restrained from engaging in a lawful profession, trade, or business of any kind is to that extent void.

Non-Competition Clause Examples Example 1: Preventing former employees from using trade secrets. Example 2: Stopping contractors from competing with you. Example 3: Former partners limiting the geographical reach. Example 4: Extra protection in business contracts.

Here are some tips:What is a noncompete agreement?Keep the group small.Keep the restrictions reasonable and narrow.Provide consideration for the agreement.Get it in writing.Prepare multiple versions if necessary.Concede choice of law/forum.Provisions to include.

Interesting Questions

More info

When employers obtain Non-Competes with long-standing employees without providing anything of value in return, they are obtaining an unenforceable agreement. What is a non-compete agreement?The restrictiveness of non-compete and non-solicitation agreements determines whether the contract will be enforced in court. What is a noncompete clause? Non-compete contracts contravene Florida's general public and statutory policy encouraging free enterprise and competition. Compete agreement prohibits someone from working in the same business (or line of work) for a specific time period and geographical area.

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Non Competition Clause In Contract