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.
Texas 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
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.
Under Texas law, a provision prohibiting an individual from soliciting a former employer's customers or clients is treated as a non compete agreement. As a result, these non-solicitation agreements must meet the requirements applicable to non compete covenants generally to be enforceable.
Texas law provides that a covenant not to compete is enforceable only if it: is ancillary to or part of an otherwise enforceable agreement. contains reasonable limitations as to time, geographical area, and scope of activity.
The answer is: A non-compete agreement IS enforceable in Texas if it is supported by valid consideration, and is reasonable in time, geographic scope, and activities to be restrained. A Texas employer can utilize a non compete agreement to protect company goodwill and confidential information.
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
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.
The employer can file a lawsuit against the employee for any other loss encountered due to the employee's violation. Such losses could be the general performance of the business or loss of clients. Violating a non-compete agreement is not an offense but a tort and is punishable by paying damages or a court injunction.
Finally, the employer's conduct (e.g., unclean hands, or conduct inconsistent with enforcement) can sometimes provide the employee with a good way out of a noncompete. In order to get out of a non-compete agreement, you will need to prove that the non-compete agreement is unenforceable.
solicitation agreement is a contract, usually between an employer and an employee that governs the employee's right to solicit customers of the business after he or she leaves his or her employment.
You Can Void a Non-Compete by Proving Its Terms Go Too Far or Last Too Long. Whether a non-compete is unenforceable because it covers too large of a geographical area or it lasts too long can depend on many factors. Enforceability can depend on your industry, skills, location, etc.
