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.
Ohio Sample Noncompetition Agreement between two Businesses
Category:
State:
Multi-State
Control #:
US-C-9038
Format:
Word;
Rich Text
Instant download
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How to fill out Sample Noncompetition Agreement Between Two Businesses?
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FAQ
Non-compete agreements are enforceable in Ohio. However, there are laws in place that dictate that a non-compete agreement must be reasonable in order to protect the employee. A reasonable non-compete agreement in Ohio must: Be no greater than is required for the employer's protection of a legitimate interest.
After expiration or termination of this agreement, employee name agrees not to compete with company name for a period of number years within a number mile radius of company name and location.
Neither shall you call on, solicit, take away, or attempt to call on, solicit, or take away any customer of the Company on whom You have called or with whom You became acquainted during the term of your employment, as the direct or indirect result of your employment with the Company.
Accordingly, Ohio courts enforce non-solicitation provisions if they are both: Necessary to protect employers' legitimate business interests. Reasonable.
Under Ohio law, noncompetition contracts are generally enforceable if they are reasonable. The question of what's reasonable is a very fact-specific one though. It depends on the particular circumstances of a given situation, and the Ohio Supreme Court has set out a legal test for courts to apply.
The duration prohibiting you from competing. The geographic area where you are prohibited from working. The amount of confidential information or trade secrets you were privy to. If the non-compete is attempting to eliminate unfair competition or competition in general.
While non-competition agreements are legal in Ohio, they are scrutinized carefully by the courts. Such restrictive covenants are lawful if the restraints are reasonably necessary to protect the employer's legitimate business interests.
Non-solicitation clauses that are clear, carefully drafted, and suitably retrained in temporal and spatial terms, are often enforceable.
Are Non-Competes Enforceable in Ohio? Non-compete agreements are enforceable in Ohio. However, there are laws in place that dictate that a non-compete agreement must be reasonable in order to protect the employee.
I agree that during the Non-Compete Period, I will not directly or indirectly (i) induce or attempt to induce any employee, contractor or agent of any of the Companies to terminate his/her relationship with any of the Companies, (ii) in any way materially interfere with the relationship between any of the Companies and