- Business Non Compete Agreement Template
- Microsoft Word Non Compete Agreement Template
- Microsoft Word Noncompete Agreement Template
A Non-Compete Agreement is a document that attempts to block an individual or entity from potentially entering into competition with another party. This is most common when hiring employees, as.
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Use these 37 Free Non-Compete Agreement Templates (MS Word) to come up with your own comprehensive agreement for upcoming ventures. On a number of occasions, it is possible that a. Non-Compete Agreement SAMPLE ONLY In consideration of my being employed by ABC Security, Inc., I, the undersigned, hereby agree that during my employment with ABC Security, Inc. And upon the termination of my employment and notwithstanding the cause of termination, I shall not compete with the business of ABC Security, Inc. Or its successors. Microsoft Noncompete Agreement. When you started working at Microsoft, you probably signed a Microsoft Corporate Employee Agreement. The form has changed over time. Our office reviewed a recent version. In this Agreement, there are several paragraphs that make competiting with Microsoft difficult. Section Eleven reads as follows.
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Non-Compete Contract
{Name}agrees that, during the term of {emplyoment, relationship, etc.} he/she will not engage in competing business in the industry of{type of industry}, or with any other business that can in any way be deemed a competitor of {Company Name}, during{employment, relationship, etc.}, and for a period of {number} year(s) after termination of {employment, relationship, etc.}.
Specifically, {Name} may not, directly or indirectly, own, lease, control, operate, participate in, manage, provide services for, consult with, advise, or permit his/her name to be used by any business that competes with {Company Name} in any way.
For the purposes of this contract, a 'competitor' or 'competing business' is defined as one that operates, in any capacity, in the {type of industry} industry, within a {number} mile radius of {Company Name}.
Signed this {date} day of {month}, {year}.
___________________________ ____________________________
Name Signature
___________________________ ____________________________
Company Representative Name Company Representative Signature
Notary Seal and Signature:
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Formatted and ready to use with Microsoft Word, Google Docs, or any other word processor that can open the .DOC file format.
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Index of Printable Contract Examples
When drafting a Non-Disclosure Agreement, there are several factors you must consider in order protecting all parties involved. More often than not, a Non-Disclosure Agreement is used when confidential information is going to be revealed by one or all parties. When putting this document together, there are key things that should always be included.
First clause that should be included in a Non-Disclosure Agreement simply covers statements made by both parties and requires both parties to keep what is said confidential unless otherwise stated. This mutual agreement means that both sides are at risk and therefore less likely to reveal anything they are not supposed to.
Another clause that should be included in a Non-Disclosure Agreement requires not only non-disclosure, but also non-use. This means that neither party can reveal what they have learned at this meeting to others. It also means that they cannot use the information that they obtained at this meeting for any purpose. They can use the information if it was agreed upon by both parties for a specific reason. Otherwise, everything said at this meeting must stay in the meeting.
Yet another clause includes the definition of what is confidential information. This can be as broad or as narrow a definition as the two parties want to make this. In general, a happy medium should be established so that both parties are confident in how much they can reveal and still keep confidential. The party revealing information can simply state that what they are saying is confidential or the documents that they are revealing are to be kept confidential. This can be problematic in that some things will be marked confidential that would be important for use. This is often why there is a difference in opinion between parties about what should be confidential and not. Thus it is best to try to protect one’s self and their company, but still allow for information that can be used.
In relation to the definition of confidential information, there should be a clause dedicated to exceptions to the clause of confidential information. In most Non-Disclosure Agreements, this includes information already publicly known, information revealed after the agreement through no action or inaction of either party, information already known by the parties, information from a third party, and information found independently. This clause is important in order to relieve either party from potentially breaking the agreement through no fault of their own.
Also, there should be a permitted disclosure clause agreed upon. This will cover any employees that need to be told the information that was obtained in this meeting. In general, this information will be given on a “need to know” basis. Usually it is clearly specified about the individuals or authorities who can know the information and why.
Lastly, the term of the Non-Disclosure Agreement should be agreed upon by both parties. In general, the term of an agreement will last three to five years. If the information is no longer valid or if there is no reason to keep the agreement, it can be lifted at that time. Otherwise, the agreement will stay in place until the term expires. All of the above clauses are important to a successful Non-Disclosure Agreement that both parties can agree to.