This is a non-competition agreement which has been entered into by a company and a corporation. Whereas, in order to protect the company's interest in the business, the company's obligation to consummate the purchase agreement is conditioned upon the seller entering into this agreement and agreeing to the restrictive covenants contained within the agreement.
Kentucky Sample Noncompetition Agreement between two Businesses
Category:
State:
Multi-State
Control #:
US-C-9038
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Sample Noncompetition Agreement Between Two Businesses?
If you want to be thorough, acquire, or print legal document templates, utilize US Legal Forms, the largest collection of legal forms available online.
Utilize the site's user-friendly and efficient search feature to find the documents you need. Numerous templates for business and personal purposes are organized by categories and states, or keywords.
Leverage US Legal Forms to obtain the Kentucky Sample Noncompetition Agreement between two Companies in just a few clicks.
Every legal document template you purchase is yours forever. You will have access to every form you saved in your account.
Go ahead, download, and print the Kentucky Sample Noncompetition Agreement between two Companies with US Legal Forms. There are many professional and state-specific forms available for your business or personal needs.
- If you are already a US Legal Forms user, sign in to your account and click the Download button to access the Kentucky Sample Noncompetition Agreement between two Companies.
- You can also find forms you previously saved in the My documents section of your account.
- If you are using US Legal Forms for the first time, follow the instructions below.
- Step 1. Ensure you have selected the form for your specific city/state.
- Step 2. Use the Review option to check the content of the form. Don’t forget to read the description.
- Step 3. If you are not satisfied with the form, use the Search field at the top of the page to find other versions of the legal form.
- Step 4. Once you have found the form you need, click the Get Now button. Choose your preferred payment plan and enter your details to register for the account.
- Step 5. Complete the transaction. You can use your credit card or PayPal account to finalize the purchase.
- Step 6. Select the format of your legal form and download it to your device.
- Step 7. Fill out, edit, and print or sign the Kentucky Sample Noncompetition Agreement between two Companies.
Form popularity
FAQ
Kentucky does not have an across-the-board ban on non-compete agreements. The enforceability of any such contract depends entirely on its terms and the nature of the business. Kentucky courts have reviewed many such contracts and have established rules for their enforcement.
Non-competes remain legal, valid and enforceable in Kentucky if they meet certain requirements. With no Kentucky statute on point, judges have established rules through state common law in court opinions.
Non-compete and non-solicitation agreements are clauses that attempt to limit a former employee's ability to work with a competitor and/or solicit former clients for a specific duration of time.
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.
Duration: Noncompete restrictions typically last anywhere from six months to two years after the employment relationship ends. The total duration, however, might be shorter or longer depending on any employer's unique needs or interests.
The Employee specifically agrees that for a period of months/years after the Employee is no longer employed by the Company, the Employee will not engage, directly or indirectly, either as proprietor, stockholder, partner, officer, employee or otherwise, in the same or similar activities as were performed for
Existing employment relationship with no new consideration In 2014, the Kentucky Supreme Court made it clear that when an employer seeks to impose a non-compete agreement on an existing employee without granting additional consideration, the agreement is not enforceable. The case was called Charles T. Creech, Inc. v.
Existing employment relationship with no new consideration In 2014, the Kentucky Supreme Court made it clear that when an employer seeks to impose a non-compete agreement on an existing employee without granting additional consideration, the agreement is not enforceable.
By Janet A. In California, North Dakota, the District of Columbia, and Oklahoma, non-competes are either entirely or largely unenforceable as against public policy. Other states, including Maine, Maryland, New Hampshire, Rhode Island, and Washington, have banned non-compete agreements for low-wage workers.
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.
