Non-Compete Agreement
This Non-Compete Agreement ("Agreement") is entered into as of [Date], by and between:
[Your Company Name], a [Your Company's Legal Structure] organized under the laws of [Your Company's Jurisdiction], with its principal place of business at [Your Company's Address] ("Company"),
and
[Employee's Name], residing at [Employee's Address] ("Employee").
WHEREAS, Company desires to protect its business interests, including but not limited to its trade secrets, confidential information, and goodwill;
WHEREAS, Employee acknowledges that, as a result of Employee's employment with Company, Employee will have access to and become familiar with Company's confidential information, trade secrets, and proprietary information;
NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:
1. Non-Competition
(a) During the term of Employee's employment with Company and for a period of [Duration] after the termination of such employment, Employee agrees that Employee will not, directly or indirectly, engage in or be involved with any business that competes with the business of Company within the geographical area of [Specify Geographic Area, e.g., city, state, country].
(b) For the purposes of this Agreement, "engage in or be involved with" shall include, but not be limited to, owning, managing, operating, consulting for, rendering services to, or being employed by any competing business.
2. Confidentiality and Non-Disclosure
Employee agrees to maintain the confidentiality of all proprietary and confidential information of Company, both during and after Employee's employment with Company, in accordance with the terms of any confidentiality agreement or policy executed by Employee during Employee's employment with Company.
3. Enforcement
(a) In the event of a breach or threatened breach of any provision of this Agreement by Employee, Company shall be entitled to seek injunctive relief, in addition to any other remedies available at law or in equity.
(b) Employee acknowledges and agrees that the restrictions contained in this Agreement are reasonable and necessary to protect the legitimate business interests of Company, and that any violation of this Agreement would cause irreparable harm to Company.
4. Severability
If any provision of this Agreement is held to be invalid, illegal, or unenforceable, the validity, legality, and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.
5. Governing Law and Dispute Resolution
This Agreement shall be governed by and construed in accordance with the laws of [Your Company's Jurisdiction]. Any dispute arising out of or relating to this Agreement shall be resolved by arbitration in accordance with the rules of [Arbitration Body], and the decision of the arbitrator(s) shall be final and binding upon the parties.
6. Entire Agreement
This Agreement constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether written or oral.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.
[Your Company Name]
By: ___________________________ [Authorized Signatory]
Title: _______________________
[Employee's Name]
By: ___________________________ [Employee's Signature]
Name: ______________________
Title: _______________________
Effective Friday, April 26, 2024. This statement and clause serves as policy for LIAM IAN LLC™ and any subdivision or subsidiary entity or project authored, designed, coordinated, cultivated and/or owned by LIAM IAN LLC™.
DOC - NCC - Non-Compete Clause - 2024 - GENERATED BY CHAT GPT. - 2024.02.17.04.27.118 . 00.00 . L01 . D01
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