In a company, especially one large in scale—the foundation of inner workings that keep it afloat is composed of its many hardworking employees under its payroll. After all, it’s obvious enough that a business wouldn’t be able to function without having to employ an adequate amount of workers and ones that are kept motivated to carry on within their working environment. So, they must be well taken care of and have their morale fed by their employers through a non-compete business agreement.
Ensure employee retention in contractual documentation when there’s a need to let one go in case their employment doesn’t end up working out. For this reason, it’s a good idea to have a non-compete agreement when enrolling new blood into the company’s roster, letting the employee have the chance to read through the paperwork before signing it. Also referred to as a “restrictive covenant,” this provides a company with a sort of safety blanket to ensure that an employee has a reason to remain in its hire and to keep them away from being taken in by its competitors in the event of termination.
8+ Non-Compete Agreement Samples – DOCX | PDF
1. Confidentiality and Non-Compete Agreement Sample
Here’s a sample of a non-compete agreement form you can download as a PDF file and easily customize however you choose to. Basically, a non-compete agreement is a form of contractual document utilized by companies for employing new members into their workforce. This type of agreement prevents the newly hired worker from divulging any valuable information that they may have learned within the duration of their employment in the company. The signed form also obligates the employee not to expose information to external entities or competitors, especially if the worker is let go from the company’s hire.
2. Employee Non-Compete Agreement Sample
A non-compete agreement contract can typically consist of several detailed pages containing information that explains the technicalities to be agreed upon by both the employer and the employee. It can also include checkboxes and blank spaces to be respectively filled out by the involved parties. This particular template can be downloaded and edited as a DOCX file.
3. 2-Page Employee Non-Disclosure Agreement Sample
When it comes to your company’s valuable confidential information, trade, and operational secrets, it’s of utmost priority to avoid or manage possible leaking of information to outside sources and competitors, especially when having to share these with employees both fresh and tenured. A non-disclosure clause is used specifically for both parties to mutually agree in order to prevent your workers from exposing such information, including the carrying out of legal penalties should the contract be broken.
4. Simple 1-Page Non-Disclosure Agreement Sample
This is a much smaller template particularly meant for writing down a non-disclosure agreement clause. The ZIP folder contains a PDF file with a single page in it to fill out and customize as required.
5. Simple Employee Non-Compete Agreement Sample
Companies in many industries require the issuance of a non-compete agreement to its employees if it looks to remain relevant in the corporate competition. Secret information and strategies are unique to every company, often being the reasons that keep it afloat and staying in business for as long as feasibly possible. Therefore, a non-compete agreement helps in preventing valuable secrets of the trade from being leaked to competitors or anyone else looking to profit from such information. The illustrated sample above is a fairly quick and simple form to go through, downloadable, and easy-editable as a DOCX file.
6. Employee Non-Compete and Non-Solicitation Agreement Sample
If a business’ closely guarded confidential secrets were to be obtained by competitors or other entities, then a result that could come from it might be the overall profit and relevance of the company being put in jeopardy. One form of this may be in the company’s market share is significantly cut down, coming about from any competing party’s newfound ability to emulate the business’ output through the acquired intelligence. Your brand will want to maintain a stable revenue and to prevent it from being disrupted by a competitor. This makes it absolutely important that all employees—both new and trusted are kept in check and be within a mutual agreement of non-disclosure ad non-solicitation.
7. Detailed Employee Non-Compete Agreement Sample
The extent of how long a non-compete agreement lasts can vary a bit, between when it starts and when it ends. Most of the time, the agreement can last for as long as the employment of the worker, beginning immediately upon or soon after the success of their hire. Besides, the contract could still be in effect after termination of the worker’s employment, possibly extending for a few years after being let go from your company’s workforce.
8. Non-Compete Independent Contractor Agreement Sample
A special variation of the non-compete agreement is one reserved for use when going into business with an independent contractor (or a sub-contractor). An independent contractor refers to an external party or corporation that you would go into an agreement with for them to fulfill a task for the sake of your own company. This third-party entity falls outside of your own direct employment but would still be given a certain amount of access to your resources and information in order to carry out the job that they would be hired for. Because of that, the need for a non-compete agreement contract would arise for all involved to consent to mutually.
9. Non-Disclosure Agreement Sample for Employee Interview
One particularly important aspect of a non-compete agreement to bear in mind is its jurisdiction. The contract’s jurisdiction can refer to the range of which its rules and technicalities can be applied when needed. A good bit of attention needs to be given here, as any employee with intention might look to find a loophole that enables them to release sensitive information without being in legal trouble even if they were caught.
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