Employment Agreement Non Compete Clause Sample

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A non-compete clause in your employment agreement is a strange concept for many. However, the truth is that this is a very important part of employment agreements. Employers and employees should put their best interests at heart and discuss the same. The differences in the clauses are not that vast, but it will be good to know some information on this subject so that you know what you are getting into.

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You may think that the non-compete clause is a standard part of an employment agreement. This isn’t quite true. If you are an employee, this clause will help you from being followed by a company owner and founder. This could mean that you get higher pay or better perks. If you want to change jobs, the company won’t be able to touch you because you don’t own the rights to a certain technology.

If you are an employer, a non-compete clause would protect you from the new employee who has an interest in taking something that is yours. For example, if you own a company that does window cleaning and you move to a new country where you plan to open a hotel, then you have more property than you think. However, the new employee will not be able to take any property unless they can get a job with a different employer that has an employment agreement that includes a non-compete clause. This ensures that you can’t sue the employee for anything.

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The entire clause does not have to be used in your employment agreement. There is also a time limit in which the clause must be included in the agreement. This means that you don’t have to worry about trying to figure out how you get around the clause.

It is possible to negotiate an exception to the clause. Some employers have opted to allow their employees to keep information on some computer systems. This gives them the option to keep the information for as long as they want it. While you should discuss this with your lawyer, you can avoid it altogether.

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The terms of a non-compete clause can often change. This is why it is important to be familiar with the entire clause. This will give you a good idea of what your rights are and can give you a basis for legal action against your boss if they do try to take anything you own.

If you have ever talked to an employee who mentioned wanting to take your non-compete clause, then you know that this can happen. Since it is a standard part of employment agreements, it is very rare to have a clause that states that it is not valid. However, it is a good idea to understand the whole of the clause before it affects you.

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