Key Employee Agreement
Understanding this form
The Key Employee Agreement is a legal document designed for use within the computer, internet, and software industries. It establishes a formal relationship between an employer and an employee, detailing essential elements such as employment terms, confidentiality obligations, and non-competition clauses. This agreement differs from general employment contracts as it specifically addresses the unique responsibilities and protections relevant to key employees in technical fields, ensuring both parties understand their rights and obligations.
What’s included in this form
- Employment Terms: Outlines the employment arrangement, including duration and conditions for termination.
- Confidentiality Clause: Defines proprietary information and the obligation to keep it confidential.
- Non-Disclosure Agreement: Prohibits sharing confidential information during and after employment.
- Ownership of Work Products: Addresses the ownership rights of inventions and creations developed by the employee.
- Non-Competition Clause: Limits the employeeâs ability to engage in competitive activities for a specified period after leaving the company.
- Injunctive Relief: Allows the company to seek court orders to prevent breaches of the agreement.
When to use this form
Who this form is for
- Employers in the computer, internet, and software industries.
- Companies concerned about protecting proprietary information and trade secrets.
- Organizations seeking to establish clear employment terms with key personnel.
- Employers who wish to prevent potential conflicts of interest or competition post-employment.
How to complete this form
- Identify the parties involved: Enter the names of the employer (Software Company) and the employee.
- Fill in the date of the agreement: Specify the day, month, and year when the agreement becomes effective.
- Detail the employment terms: Outline the agreed-upon compensation and any specific job duties.
- Include confidentiality and ownership clauses: Use the provided language to define proprietary information and ownership of work products.
- Specify the non-competition period: State the duration (typically one year) after which the employee agrees not to compete.
Notarization requirements for this form
In most cases, this form does not require notarization. However, some jurisdictions or signing circumstances might. US Legal Forms offers online notarization powered by Notarize, accessible 24/7 for a quick, remote process.
Get your form ready online
Our built-in tools help you complete, sign, share, and store your documents in one place.
Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to specify a clear end date for the agreement.
- Neglecting to include comprehensive definitions of proprietary information.
- Omitting the details of the non-competition clause, leaving it open to interpretation.
- Not reviewing local laws that could impact the agreement's enforceability.
Benefits of using this form online
- Convenience of immediate access and downloading the form.
- Editability allows customization to fit specific employment situations.
- Reliability of professionally drafted templates that meet legal standards.
- Ability to securely store and manage documents digitally.
Looking for another form?
Form popularity
FAQ
ADVANTAGES OF CONTRACTS OF EMPLOYMENT Reduce the amount of overtime paid. Reduced the amount of holiday pay. Have control over when staff can take their holidays so they are not taking holidays when they are required to work. Protect the reputation of your business through appropriate policies.
1) agreement. An agreement i cludes offer and acceptance by both parties. 2) Consideration. Promises made by parties must have sufficient and bargained consideration (money or other legal means of payment. Contractual capacity. Legality.
For a contract to be valid, it must have four key elements: agreement, capacity, consideration, and intention.
A clear job description. This should set out the role and duties of the employee. Salary or wage details. The nature of the employment. The reporting structure. Leave entitlements. Confidentiality. Non-compete/restraint of trade. Protection of intellectual property.
Key Employee Agreement means an agreement entered into between the Company (or an Affiliate) and a Participant that protects confidential information and sets forth other terms and conditions of employment with the Company (or an Affiliate). Sample 2. Based on 2 documents.
The five requirements for creating a valid contract are an offer, acceptance, consideration, competency and legal intent.
Names and address of all parties involved. Description of business. Clearly defined job position and role. Company specific requirements and/or protections. Length of job and duration of schedule/work hours. Pay, compensation, & benefits.
Names and address of all parties involved. Description of business. Clearly defined job position and role. Company specific requirements and/or protections. Length of job and duration of schedule/work hours. Pay, compensation, & benefits.
Work agreement means a written agreement between the employer and employee that details the terms and conditions of an employee's work away from his central workplace.
