New Mexico Clauses Relating to Venture Nonexecutive Employees
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The Executive agrees not to directly or indirectly compete with the business of the Company and its successors and assigns during the Employment Period and for a period of one year following the Executive's termination of employment.
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.
These clauses allow employers to restrict an employee's ability to move onto working with a competitor immediately after leaving your business and taking valuable information from your company over to that new employer, such as client or customer lists, or certain trade secrets that your business relies upon to succeed ...
- The two most common settings for legitimate non-competition agreements are the sale of a business and an employment relationship. When a non-compete agreement is ancillary to the sale of a business, it is enforceable if reasonable in time, geographic area, and scope of activity.
In California, it's illegal to enforce non-compete agreements that put limits on an employee's future job prospects. ing to California Business and Professions Code Section 16600, any contract that restricts an individual from ?engaging in a lawful profession, trade, or business? is null and void.
Employee agrees that for _____ [months/years] after Employee is no longer employed by the Company, Employee will not directly or indirectly solicit, agree to perform or perform services of any type that the Company can render ("Services") for any person or entity who paid or engaged the Company for Services, or who ...
Non-Compete Clauses can be Lawful and Enforceable in New Mexico. While some states simply do not allow non-compete clauses to be enforced, New Mexico does allow non-compete provisions to be enforced in many circumstances. However, there are limitations on non-compete clauses.
Non-compete agreements are against the Mexican Constitution and can be difficult, if not impossible, to enforce in the country.
