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.
Oklahoma 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
competition and nonsolicitation agreement is a legal contract that restricts an employee from competing with their employer or soliciting clients after leaving the company. This agreement safeguards business interests and prevents the loss of customers to competitors. Understanding an Oklahoma Sample Noncompetition and Nonsolicitation Agreement can clarify the terms and protections that such agreements provide. It is best to consult legal resources or platforms like uslegalforms for professional guidance.
Since non-solicitation agreements are generally more specific than non-compete agreements, they are more readily enforced by courts. To be enforceable, non-solicitation agreements must abide by certain rules: Valid business reason.
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
Escaping Nonsolicitation AgreementsDon't sign.Build your book independently.Carve out pre-existing relationships.Require for cause termination as the trigger.Provide for a payoff.Turn clients into friends.Don't treat clients as trade secrets.Invest in your own business.
Despite the fact that noncompete agreements are generally unenforceable in Oklahoma, employers are not without options to limit a former employee's post-employment conduct.
Non-solicitation clauses that are clear, carefully drafted, and suitably retrained in temporal and spatial terms, are often enforceable.
The objective of an Oklahoma non-disclosure agreement is to protect the secrets of the business, such as intellectual property. When an Oklahoma non-disclosure agreement is properly worded, it is enforceable in the court. This document should include the information that is considered confidential.
The short answer is that if you are in Oklahoma it is not enforceable. With a couple of exceptions, Oklahoma law is clear that an individual is allowed to work in his or her chosen business or industry even if a piece of paper says otherwise.
In order to be enforceable, a non-compete agreement must include an offer, acceptance, intent, and a benefit or consideration to the employee in exchange for his or her promise. The benefit could be as simple as getting the job or, for an existing employee, getting a promotion or raise.
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.
