The employee desires to be employed by the company in a capacity in which he/she may receive, contribute, or develop confidential and proprietary information. Such information is important to the future of the company and the company expects the employee to keep secret such proprietary and confidential information and not to compete with the company during his/her employment and for a reasonable period after employment.
Arkansas Employee Confidentiality and Unfair Competition - Noncompetition - Agreement
State:
Multi-State
Control #:
US-00046
Format:
Word;
Rich Text
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FAQ
Confidentiality/non-disclosure agreements are contracts in which the employee promises not to disclose certain proprietary information, such as trade secrets. Non-compete agreements are contracts in which the employee agrees not to unfairly compete against his/her (former) employer.
The purpose is to prevent you from leaking confidential information that might help the competitors. Unlike the NCC, you are able to start your own business or work for a competitor but you just can't use the proprietary or confidential information you gained during employment at the new job.
Arkansas Non-Compete Agreement Laws One of the most common issues with non-compete covenants is drafting a contract that is considered enforceable. Generally, a non-compete covenant is deemed unenforceable based on the impact it has on an employee and a company's interest in keeping their secrets safe from competitors.
- The two most common settings for legitimate non-competition agreements are the sale of a business and an employment relationship.
Generally speaking, non-compete agreements (also sometimes called non-competition agreements, or simply non-competes) are not enforceable in California against former employees.
California - Non-compete clauses are not enforceable under California law. However, LegalNature's non-compete agreement may still be used to prohibit the employee from soliciting customers and other employees away from the employer.
Although non-compete agreements are unenforceable in California, confidentiality agreements are enforceable. This means that when you leave your job with Big Company A, and go to work for a competitor, you cannot take any documents, technical information or specifications, plans or specialized knowledge with you.
In those situations, you should refrain from disclosing that you have entered into an NDA or are even in negotiations with the other party (i.e., the first rule of this NDA is we don't talk about this NDA). NDAs may have time limits that provide that they no longer apply after some fixed period.
Governor Asa Hutchinson has signed legislation (S.B. 998 or Act 921) allowing a court to enforce the reasonable parts of a non-competition agreement, while deleting the overbroad, unenforceable provisions, rather than striking down the entire agreement.
It is possible to find non-compete loopholes in certain circumstances in order to void a non-compete contract. For instance, if you can prove that you never signed the contract, or if you can demonstrate that the contract is against the public interest, you may be able to void the agreement.
