Such paperwork is fairly standard as trade secrets and a companys confidential information are generally considered to be valuable tools when competing with other companies that provide similar products andor services. In florida a non compete agreement is a legally enforceable document that florida businesses use to protect their trade secrets and business practices.
California does not uphold non compete agreements even in startups and technology.
Non compete agreement in florida template. Companies do this by having an employee or key personnel sign this written promise that they will not engage in competitive behavior by working for a competitor or procuring similar employment within a certain geographic radius. This non compete agreement template is written very generally to allow a company to hire a person to work for them and then attempt to bind them to a promise that they will not compete with the company for a specific period of time after the business relationship is over. You could create an agreement that protects trade secrets like an invention patent agreement instead.
Non compete agreement template. This agreement shall be construed in accordance with florida law. Florida non compete agreements non solicitation non disclosure and non disparagement agreements may 18 2012 may 15 2012 by andrew douglas non compete agreements are disfavored by the courts as against public policy but are enforced by courts when they comply with florida statute 542335.
Non compete agreements may be enforced as they are reasonable with regard to time and geographical area and protect a legitimate business interest. The parties agree that venue for enforcement of this agreement will be in broward county florida. Wellosophy corporation page 1 of 4 confidentiality agreement confidentiality and non compete agreement this agreement is made and entered into as of 2008 effective date by and between wellosophy corporation a florida corporation having a principal place of business at 2795 e.
The florida non compete agreement template enables companies in the state of florida to implement this document as an effort to protect its standing in the market during the hiring process of a potential employeeindependent contractor. A non compete agreement is a formal agreement between an employer and an employee that the employee will not engage in any employment activities that are in conflict or competition with their primary job. Non compete agreement template pandatip.
In a nutshell a non compete agreement is a contract that draws a limit to when and where permitted an employee could be involved in the business or services which are the same with the employer or former employer. Non compete agreement florida template a non compete settlement nca is used to give protection to a trade proprietor like your self from sure trade eventualities. We give an explanation for who wishes one and why right here.
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