Products tagged with 'noncompetition agreement'

Make an offer of employment to a successful job candidate with this downloadable template which includes a Business Protection Agreement.

• The offer letter covers such employment matters as:
  • the salary and compensation to be paid to the employee,
  • the job description, duties and responsibilities of the employee,
  • benefits that the employee will be entitled to,
  • vacation time and other leave periods,
  • termination procedure.
• The Business Protection Agreement included with the document is a confidentiality and non-competition agreement to be signed by the employee if the offer of employment is accepted.
• The form does not contain specific references to labour laws or regulations and can be easily customized to comply with the statutes in your jurisdiction.

Employers, ensure that each departing employee signs this Business Protection Agreement upon their termination or resignation.

This Business Protection Agreement is designed to safeguard the interests of employers when an employee's tenure ends, whether through termination or resignation. Employers should require each departing employee to sign this Business Protection Agreement at the time of their termination or resignation.

The agreement outlines essential obligations for departing employees to ensure the ongoing security and integrity of the employer's business operations.

Confidentiality Obligation

By signing the agreement, the employee agrees not to disclose any confidential business information belonging to the employer. This provision helps protect proprietary data, trade secrets, and other sensitive materials from unauthorized dissemination.

Non-Competition Obligation

The departing employee agrees not to engage in any business activities that directly compete with the employer’s business for a designated period following their departure. This restriction is intended to prevent former employees from leveraging insider knowledge to gain an unfair competitive advantage.

Non-Solicitation Commitment

Additionally, the employee commits to refraining from soliciting the employer's staff or customers with the intent to induce them to leave or transfer their business. This clause helps maintain the stability of the employer’s workforce and customer relationships.

Jurisdiction and Format

This agreement template is suitable for use in multiple jurisdictions, as it does not include any country-specific language. It is available in Microsoft Word format for ease of customization and implementation.