Sample Corporate Consulting and Noncompetition Agreement
Overview of this form
The Sample Corporate Consulting and Noncompetition Agreement is a legal document designed to outline the terms of a consulting relationship while prohibiting competition between the parties involved. This form specifically addresses the rights and obligations regarding confidential information and outlines noncompetition clauses to protect the business interests of the consulting entity. It is distinct from other agreements as it combines both consulting duties and noncompetition terms, ensuring that the consultant does not engage in activities that could harm the company's competitive advantage.
What’s included in this form
- Effective Date: Specifies when the agreement becomes effective, contingent on certain events.
- Consulting Duties: Details the scope of the consulting services to be provided by the consultant.
- Confidential Information: Outlines what constitutes confidential information and how it should be handled.
- Noncompetition Clause: Establishes the limitations on competitive activities and duration of the restrictions.
- Compensation Structure: Describes how and when the consultant will be compensated for their services.
When to use this document
This agreement is essential when a business seeks to engage a consultant who has privileged access to sensitive business information. It is typically used during mergers, acquisitions, or partnerships, where the consultantâs role is critical to operational success, and their competitive actions could adversely affect the company. This form helps ensure that the consulting relationship is defined, and sensitive information remains protected.
Intended users of this form
- Businesses engaging consultants who have access to confidential information.
- Companies involved in mergers or acquisitions requiring advisory services.
- Consultants who want to formalize their relationship with clients and protect their interests.
- Business owners concerned about the potential for competition from former consultants.
How to complete this form
- Identify the parties involved in the agreement, including legal names and addresses.
- Specify the effective date and any conditions that must be met for the agreement to commence.
- Clearly outline the scope of the consulting duties and expectations of the consultant.
- Detail the definition of confidential information and the obligations regarding its use.
- Include the terms of the noncompetition clause, specifying duration and geographical limitations.
- Sign and date the agreement to ensure it is legally binding for both parties.
Does this form need to be notarized?
Notarization is not commonly needed for this form. However, certain documents or local rules may make it necessary. Our notarization service, powered by Notarize, allows you to finalize it securely online anytime, day or night.
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.
Common mistakes
- Failing to clearly define the scope of consulting duties.
- Omitting specific details regarding confidential information handling.
- Not specifying the duration of the noncompetition agreement appropriately.
- Using vague language in the agreement that could lead to misinterpretation.
Why complete this form online
- Convenient access to a professionally drafted agreement ready for download.
- Editable templates allow customization to meet specific needs.
- Fast and secure process without the need to visit a lawyer in person.
- Peace of mind knowing the document complies with typical legal standards.
Looking for another form?
Form popularity
FAQ
Full names and titles of the people with whom you're doing business. Be sure they're all spelled correctly. Project objectives. Detailed description of the project. List of responsibilities. Fees. Timeline. Page numbers.
On average, non-compete cases cost $10,000 or less. Many times an employer is seeking an injunction, which if the employer loses may result in a quicker resolution. Many times the issues are less factual and more legal. Legal issues require less discovery, which can be the most costly part of litigation.
Consultant agreements are important because they outline what work will be done, as well as the terms of the agreement between the client and the consultant. A consultant agreement should be detailed and include compensation terms, contract termination, intellectual property ownership and confidentiality agreements.
A traditional non-compete stops an employee from working for a competitor in a certain geographical area for a certain amount of time after leaving the company. A non-solicitation agreement prevents an employee from poaching customers, contracts or other employees from the company that first hired them.
Study your competition. Write up the agreement. Have your agreement reviewed by a legal professional. Present the non-compete contract to your employee. If everyone is satisfied, sign and date the agreement.
Noncompetition agreements are illegal in California under Ca. B&P Code §16600. It does not matter if you were an independent contractor or an employee. Noncompetition agreements are illegal.
What is a noncompete agreement? Keep the group small. Keep the restrictions reasonable and narrow. Provide consideration for the agreement. Get it in writing. Prepare multiple versions if necessary. Concede choice of law/forum. Provisions to include.
In contrast, in many industries, a Non-Compete with a duration of 6-months will be considered reasonable, and therefore enforceable. The general rule is that the duration of the agreement should not exceed the time reasonably necessary to protect the employer's legitimate business interests.