View Full Version : No compete contract
12-15-2008, 10:07 PM
Does anyone have a simple non compete contract that I could have? Ive hired a guy and I found out that he has been getting work on the side. I brought him on as a partner willing to share profit etc.
I am going have him sign or he can leave the company. My brother inlaw is a lawyer but he doesnt do business law. He said that I could probably find one on line and word it to Alabama state law (2 years on no compete) and that it would stand up in any court.
Thanks for the help
12-15-2008, 10:41 PM
Ive hired a guy and I found out that he has been getting work on the side. I brought him on as a partner willing to share profit etc.
I think this is a bad bad sign. Once people go down this road, it's a sign of things to come.
What is your view so far on this experience? What would you have done differently and what would you advise others to do?
How about something like this?
EMPLOYEE NON-COMPETE AGREEMENT
For good consideration and as an inducement for_________________ (Company) to employ _________________________ (Employee), the undersigned Employee hereby agrees not to directly or indirectly compete with the business of the Company and its successors and assigns during the period of employment and for a period of _____ years following termination of employment and notwithstanding the cause or reason for termination.
The term "not compete" as used herein shall mean that the Employee shall not own, manage, operate, consult or be employed in a business substantially similar to, or competitive with, the present business of the Company or such other business activity in which the Company may substantially engage during the term of employment.
The Employee acknowledges that the Company shall or may in reliance of this agreement provide Employee access to trade secrets, customers and other confidential data and good will. Employee agrees to retain said information as confidential and not to use said information on his or her own behalf or disclose same to any third party.
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.
This agreement shall be binding upon and inure to the benefit of the parties, their successors, assigns, and personal representatives.
Signed this _____ day of ________________________ 20____.
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