€26.62 – €29.93
Non-Compete Covenant
- Purpose
The Employee acknowledges and agrees that, in the course of their employment with [Employer Name] (“Employer”), they will have access to Confidential Information, proprietary business practices, and trade secrets of the Employer. To protect these legitimate business interests, the Employee agrees to the following restrictive covenants. - Non-Compete Obligations
2.1. During the term of the Employee’s employment with the Employer and for a period of [Insert Duration, e.g., “one (1) year”] following the termination of such employment, whether voluntary or involuntary and for any reason whatsoever, the Employee shall not, directly or indirectly:
a. Engage in, own, manage, operate, control, or participate in the ownership, management, or operation of any business that competes with the Employer in the [Insert specific industry or geographic area, e.g., “state of Texas”];
b. Provide services in the same or similar capacity as those provided to the Employer to any entity that competes with the Employer; or
c. Solicit or accept business from any client, customer, or partner of the Employer with whom the Employee had contact or about whom the Employee obtained Confidential Information during the term of employment. - Reasonableness of Restrictions
The Employee agrees that the scope, duration, and geographic limitations set forth in this clause are reasonable and necessary to protect the Employer’s legitimate business interests. The Employee further acknowledges that these restrictions will not preclude them from earning a livelihood or working in their chosen field. - Exemptions and Limitations
4.1. This covenant shall not apply to ownership of less than [Insert percentage, e.g., “5%”] of the stock or other equity interests in a publicly traded company.
4.2. This Non-Compete Covenant shall be enforceable only to the extent permitted by applicable state or federal law, including but not limited to [Insert relevant statute or act, e.g., “California Business and Professions Code Section 16600”]. - Severability
If any provision of this Non-Compete Covenant is found to be invalid or unenforceable, such provision shall be modified to the extent necessary to comply with applicable law, and all remaining provisions shall remain in full force and effect. - Acknowledgment
The Employee acknowledges that they have had the opportunity to consult with independent legal counsel regarding this Non-Compete Covenant and enter into this Agreement freely and voluntarily.