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EMPLOYEE COMPETE AGREEMENT GOOD CONSIDERATION, and in consideration of my being employed with COMPANY, I, the undersigned, agree that upon my termination of employment and notwithstanding the cause
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For good consideration is a legal term that refers to a valuable consideration which is given in exchange for a promise or performance.
Any party involved in a contract or agreement where a promise or performance is exchanged for a valuable consideration may be required to file for good consideration.
To fill out for good consideration, parties should provide detailed information about the promise or performance exchanged, the value of the consideration, and any other relevant details of the agreement.
The purpose of for good consideration is to ensure that there is a legally binding agreement in place and that both parties have provided something of value in exchange for their promises or performances.
Information such as the names of the parties involved, the date of the agreement, the details of the promise or performance exchanged, and the value of the consideration must be reported on for good consideration.
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