New Jersey Sample Corporate Consulting and Noncompetition Agreement
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FAQ
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.
How should I write a Noncompete Agreement? Duration. How long the agreement lasts. Usually, the terms are six months to a few years. ... Geography. If the business is local, you may define a specific area that is restricted. ... Scope. This part of the agreement should be specific to stand up in court.
In New Jersey, there is no state statute or regulation governing non- competes in employment generally. Non-compete agreements in the legal industry are governed by N.J. RPC 5.6.
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.
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 ...
