Get the free NON-COMPETITION AGREEMENT

You may order this document 24 hours a day and download it immediately after ordering at: www.UrgentBusinessForms.com When purchased, this agreement includes instructions and information from our

How to fill out non-competition agreement

How to fill out a non-competition agreement:

1. Begin by carefully reading through the entire agreement to understand its terms and conditions. Pay close attention to any restrictions on competing activities, duration, geographic scope, and any obligations or restrictions after termination of employment or engagement.
2. Make sure to include all the necessary information in the agreement, such as the names and addresses of the parties involved, the effective date of the agreement, and any specific job positions or roles covered under the agreement.
3. Clearly define the scope of the non-competition agreement. Specify the activities or industries that are prohibited during the term of the agreement and how this prohibition applies within a given geographic area. Ensure that the restrictions are reasonable and protect the legitimate interests of the employer without unduly limiting the employee's future career opportunities.
4. If there are any exceptions or carve-outs to the non-competition provisions, clearly state them in the agreement. For example, you may want to exclude certain types of employment opportunities or specify that a non-compete does not apply if the employee is terminated without cause.
5. Include language regarding the consideration provided to the employee in exchange for signing the agreement. This can be anything from continued employment, additional compensation, promotion opportunities, access to trade secrets, or other valuable benefits. The consideration should be fair and reasonable to ensure the enforceability of the agreement.
6. If applicable, address the issue of potential enforcement and remedies in case of a breach of the non-competition agreement. Specify the jurisdiction and venue for any legal proceedings and outline the potential damages or injunctive relief that may be sought.

Who needs a non-competition agreement:

1. Employers who want to protect their trade secrets, confidential information, customer relationships, or goodwill from being exploited by former employees who start competing businesses or join competitors.
2. Companies in industries where non-competition agreements are common practice, such as technology, sales, marketing, research and development, or any field where specialized knowledge or relationships are critical to business success.
3. Employers who want to maintain a competitive edge and prevent key employees from leaving and working for competitors, potentially jeopardizing their market share or intellectual property.
4. Individuals who are acquiring or investing in a business may require key employees to sign non-competition agreements as part of the acquisition or investment process to safeguard the value of the business.

Remember, it is essential to consult with legal professionals or employment specialists who can provide guidance tailored to your specific circumstances and jurisdiction when drafting or signing non-competition agreements.

For pdfFiller’s FAQs

What is non-competition agreement?

A non-competition agreement is a legal contract between an employer and employee that restricts the employee from working for a competitor or starting a competing business for a certain period of time after leaving the company.

Who is required to file non-competition agreement?

Non-competition agreements are typically required to be signed by employees as a condition of employment.

How to fill out non-competition agreement?

Non-competition agreements should be filled out with specific terms and conditions regarding the prohibition of competition and should be signed by both parties.

What is the purpose of non-competition agreement?

The purpose of a non-competition agreement is to protect the employer's business interests and prevent employees from using confidential information or trade secrets to benefit a competitor.

What information must be reported on non-competition agreement?

Non-competition agreements should include details on the prohibited activities, duration of the non-competition period, and any compensation provided to the employee during the restricted period.

How do I edit non-competition agreement in Chrome?

Install the pdfFiller Google Chrome Extension to edit non-competition agreement and other documents straight from Google search results. When reading documents in Chrome, you may edit them. Create fillable PDFs and update existing PDFs using pdfFiller.

How can I edit non-competition agreement on a smartphone?

The easiest way to edit documents on a mobile device is using pdfFiller’s mobile-native apps for iOS and Android. You can download those from the Apple Store and Google Play, respectively. You can learn more about the apps here. Install and log in to the application to start editing non-competition agreement.

Can I edit non-competition agreement on an Android device?

You can make any changes to PDF files, like non-competition agreement, with the help of the pdfFiller Android app. Edit, sign, and send documents right from your phone or tablet. You can use the app to make document management easier wherever you are.