Free Non-Compete Agreement

A non-compete agreement states that one party will not compete against another in/during a specified location, industry, and time frame.

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The business world can be fairly competitive, with many companies facing multiple contenders in a bid for a share of the market. The last thing a business needs is to compete against former employees, contractors, or business associates that obtained information or specialized training from them. You may consider using a Non-Compete Agreement to add an extra layer of protection for your company.

By executing a Non-Compete Agreement, one party agrees that they won’t compete against the other party for a specified length of time, in a particular type of market, located in a defined geographic area. The general idea is that, by entering into the agreement, the business will have recourse if the employee/contractor/other business violates the non-competition terms.

Frequently Asked Questions

A non-compete agreement is a contract stating that one party will not compete against another in a specified location, industry, and time frame. 

 

 

 

A non-compete agreement protects the company, their creative and intellectual property, and their business relationships with customers. Specifically, it prevents anyone who once had access to sensitive company information from poaching customers or contacts, or from using that information to open their own business or help a competitor.

 

To create your non-compete agreement, provide:

  • Effective Date: Select which date the agreement will be made effective.

  • Governing State: Select which state’s laws will apply to the terms of this agreement.

  • Dispute Resolution Details: Give the method (court or arbitration) and venue that any disputes brought under the non-compete agreement.

  • Protected Party Information: Provide the name, signing representative, and address of the protected party. 

  • Non Competitor Information: Provide the name, signing representative, and address of the non-competing party.

  • Term: Specify how long the non-competitor must refrain from competing.

  • Geographic Scope: Describe the location where the non-competitor will not be allowed to compete in.

  • Scope: Describe what industries or business services the non-competitor may not compete against the protected party in.

  • Non-Solicitation: The agreement may contain an optional non-solicitation clause that prevents other parties from poaching customers.

 

 

Depending on the state, there are some court jurisdictions that do not enforce non-compete agreements. For example, California, Montana, North Dakota, and Oklahoma almost completely prohibit such agreements. Other jurisdictions may not enforce a non-compete agreement if the court believes the guidelines are too broadly restrictive.

 

 

Our propriety form generator will assist you in creating your customized Non-Compete Agreement within minutes. Answering the questions is not complicated – you only need to know the basics of the deal and the information of the other party involved. 

Once you complete the questionnaire and place your order, it will be available for immediate download in either PDF or Word document from your secure online account.

 

 

 

Generally, a non-compete agreement does not need to be notarized – both parties only need to sign the document to make it legally enforceable. A witness may be helpful if the other party attempts to deny signing the document, but a notary is not necessary for the agreement to be legal.

 

Please Note: The use of a notary ensures that no one challenges any signatures later and is a secure way to firmly establish the effectiveness of your document.