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To: New Accounts Re: Canadian Solicit Please allow this letter to serve as my testimony to the fact that at no time have I been solicited by (Name of Broker). In regard to opening a commodities account,

How to fill out canadian non-solicit

How to fill out Canadian non-solicit:

1. Determine the purpose: Before filling out the Canadian non-solicit agreement, it's important to understand why you need it. A non-solicit agreement is designed to protect a company's interests by preventing employees or former employees from soliciting its clients, customers, or employees.
2. Include relevant information: Begin by providing the necessary details such as the full legal names and addresses of both parties involved - the company and the employee. Ensure the agreement clearly identifies the parties to clarify who is bound by the terms.
3. Define the scope: Specify the scope of the non-solicit agreement to clearly outline what activities are prohibited. This can include restrictions on directly or indirectly soliciting clients, customers, or employees, as well as any geographical limitations or duration of the agreement.
4. Specify consequences: Clearly state the consequences or remedies that may arise from breaching the non-solicit agreement. This can include injunctive relief, financial damages, or other legal remedies available under Canadian law. It's essential to consult legal counsel to ensure the consequences align with applicable legal standards.
5. Consult legal advice: Although it's possible to draft a non-solicit agreement on your own, it's always advisable to seek legal advice. Laws and regulations might vary across provinces in Canada, so consulting with an employment lawyer or legal professional will help ensure the agreement is tailored to your specific situation and compliant with any legal requirements.

Who needs Canadian non-solicit:

1. Employers: Canadian companies of all sizes and industries can benefit from having non-solicit agreements in place. These agreements help protect businesses by preventing current or former employees from poaching clients, customers, or employees, thus safeguarding valuable relationships and proprietary information.
2. Employees: Employees bound by non-solicit agreements can also benefit. By agreeing to these terms, employees are often provided with job security, as they know their employer has measures in place to protect them from losing clients or customers to competitors.
3. Startups and high-growth companies: Startups and high-growth companies, in particular, can greatly benefit from non-solicit agreements. These agreements can help protect their client base, trade secrets, and prevent the loss of valuable employees during critical stages of growth.

Note: This information is provided for general guidance purposes only. It is advisable to consult legal counsel to ensure compliance with specific legal requirements and to account for any particular circumstances.

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