Employee Non-Compete Agreement with Specific Radius Form - Not wanting your employees to jump ship and sell your secrets to the competition?
Then you need this form!
Do you think Starbucks would appreciate a disgruntled employee giving the local coffeehouse recipes?
Of course not!
The sample form ensures the company cannot be so betrayed to their competition if an employee is terminated or dismissed.
This version of the employee non-compete agreement includes a specified radius from the place of business that applies.
If non-competitive assurance is what you need, this form should be a part of your potential employee paperwork.
EMPLOYEE NON-COMPETE AGREEMENT
FOR GOOD CONSIDERATION, and in consideration of my being employed by ______[Company]____, I, the undersigned, hereby agree that upon my termination of employment and notwithstanding the cause of termination, I shall not compete with the business of the Company, or its successors or assigns.
The term "not compete" as used in this agreement means that I shall not directly or indirectly, as an owner, officer, director, employee, consultant, or stockholder, engage in a business substantially similar or competitive to the business of the company.
This non-compete agreement shall extend only for a radius of ____ miles from the present location of the Company, and shall be in full force and effect for ____ years, commencing with the date of employment termination.
Signed under seal this __________ day of __, 19__.