What is a Non-disclosure, Non-compete and Non-solicitation Agreement?
A Non-Disclosure, Non-Compete, and Non-Solicitation Agreement is a legal contract between an employer and an employee that restricts the employee from disclosing confidential information, competing with the employer, and soliciting the employer's clients or employees for a specified period after the termination of employment.
This template is drafted keeping in mind general practice and legal provisions of the USA.
A high-quality draft covers, among other things, the following matters:
- Introduction and details of the parties
- Effective date
- Confidential information
- Specify the types of information considered confidential
- Outline the obligations of the employee regarding the use and protection of confidential information
- Non-compete
- Define the scope of the non-compete restriction, including the duration and geographic scope
- Specify prohibited competitive activities
- Include exceptions to the non-compete clause, if applicable
- Non-Solicitation
- Prohibition on employee from soliciting the company's customers, clients, or employees for a specified period
- Define the scope and duration of the non-solicitation restriction
- Return of company property
- Disclosure of any potential conflicts of interest by employee
- Remedies
- Governing Law and Jurisdiction details
