This non-compete and non-solicitation agreement has been entered into by a corporation and an employee. The employee agrees not to become employed by, or enter into any similar agreement as a director, employee, independent contractor, consultant, agent or partner with another corporation similar to the one identified within the agreement during the closing of a twenty-four month recapitalization venture.
Mississippi Sample Noncompetition and Nonsolicitation Agreement
Category:
State:
Multi-State
Control #:
US-C-9200
Format:
Word;
Rich Text
Instant download
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How to fill out Sample Noncompetition And Nonsolicitation Agreement?
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FAQ
exclusive agreement allows multiple parties to participate in similar agreements without restriction. For example, if two companies collaborate on a project while retaining the ability to work with other entities, this illustrates a nonexclusive arrangement. By referring to a Mississippi Sample Noncompetition and Nonsolicitation Agreement, you can better understand how to define your agreements while maintaining flexibility.
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
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.
As stated, Mississippi has no statutory scheme governing non-compete agreements. The geographical limitation analysis of non-compete agreements under Mississippi law focuses on whether the restrictions on the employee are oppressive or impose undue hardship.
If you are an employee and have signed a non-compete agreement, it is important to understand the scope of non-compete agreements within the law. Mississippi law protects free trade and, in order for a non-compete to be enforceable, it must be reasonable in scope.
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.
12 In Donahoe v. Tatum, the Mississippi Supreme Court found that a non-compete provision of five years was reasonable, explaining that it is the law's function to maintain a reasonable balance in this area.
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.
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.
However, non-compete clauses may be enforceable if:The non-compete clause and restrictions imposed on the employee are reasonable between the parties; and. The non-compete clause and/or restrictions imposed on the employee are reasonable vis-a-vis public interest.
