Louisiana Sample Corporate Consulting and Noncompetition Agreement
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How to fill out Sample Corporate Consulting And Noncompetition Agreement?
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FAQ
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 ...
Non-competition clause examples include: 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.
To be enforceable, a non-compete or non-solicitation agreement may only be for a maximum of two years from the employee's termination date (La. R.S. 1(C)). Louisiana courts strictly enforce this rule and have voided agreements imposing longer terms (see Allied Bruce Terminix Cos., Inc. v.
Working for a competitor company or competing individual. Starting a company that offers the same products or services. Developing competing products or providing competing services. Recruiting former colleagues to join their new business, although this can also be done through a non-solicitation agreement.
Key Takeaways. A non-compete agreement legally binds a current or former employee from competing with an employer for a specific time after employment ceases. Under such an agreement, the employee must not reveal any trade secrets learned during employment.