Contract Templates > Non Compete Agreement Template
Non Compete Agreement Template
If you’re looking for a solid non compete agreement to use for your business, we’ve got an easy solution for you in our free non compete agreement template. Customize and deliver this template in minutes and have both parties sign immediately with built-in eSignatures.
A non-compete agreement is an agreement created between an employer and an employee, wherein an employee agrees to not work for an employer or market that stands in direct competition with his/her current employer. The duration of a non-compete agreement agrees varies from one business to another, and is valid during and after the employment period gets over. Those who are required to sign non-compete agreements can include employees, consultants, and contractors.
There are several non-compete agreement templates available, but you should always go for one that’s efficient and accurate. Proposable, for example, offers an industry competent non-compete agreement template that’s a printable non-compete agreement that you can use for your business. Non-compete agreement templates have terms that have to do with the factors that bind an employee to the agreement, and the legal conditions and clauses involved that prevent an employee from engaging with the direct competitors of their current company.
Employers get non-compete agreements made so that their employees can’t work with their competition immediately after the termination of the employment, or even start a business in the same field. This benefits employers and businesses in several ways. They prevent former employees from sharing things such as list of clients, trade secrets, insider knowledge, industry experience, strategic plans, potential clients, salary, unique methods and practices, or basically any information that’s sensitive to the company or could harm them in any manner.
It’s important that the duration of a non-compete agreement be realistic. As an employee, you’re free to hire a lawyer who can go through this agreement for you, and you can also look up business non-compete clause samples on the internet, in order to get an idea of what should or should not be included in a non-compete agreement. Employees, too, benefit in this regard, because at times this means receiving a raise or promotion in return. They also get access to a lot of crucial information regarding the company, thereby increasing the trust their employers have in them.
Free Non Compete Agreement
When you’re drafting a non-compete agreement, there are various ways of doing so that will help you protect your business. You should make sure that the conditions that you put forward are reasonable, so that your employees don’t feel uncomfortable in any manner. Make sure to include parameters that are specific to the employee, industry, and the business. Also, don’t forget to discuss a choice of law provision in your non-compete agreement. This means clearly stating the law under which the breaching of the given agreement will be adjudicated, and also the venue where all the hearings and legal procedures related to the agreement will take place.
It’s true that free non-compete agreements and free, printable non-compete agreement templates are available in plenty in the market these days. However, instead of using Word documents and PDFs from just any site, you should always go for a source that’s reliable. For instance, there are free and fillable non-compete agreement templates from Proposable that you can use. Not only does Proposable’s free non-compete agreement have the proper legal contractual language, but it also allows you to customize, deliver, and track your contacts, along with enabling you to sign using its built-in e-signature.
Subcontractor Non Compete Agreement Template
Subcontractors are individuals who are hired by contractors for a project in order to complete a job that the contractor cannot perform, for whatever reason. The price given to a subcontractor is usually controlled by the contractor, and the subcontractor can provide the estimated time that will be needed to complete a given task. Subcontractors are self-employed and have more flexibility, which is what makes them different from full-time employees, because the latter are bound to an organization with specific terms and conditions.
Although subcontractor non-compete agreement templates are available, businesses don’t usually draft them, because subcontractors aren’t legally bound to their company, and a non-compete agreement would make it seem as if they’re exerting control over the subcontractor. If a business does decide to go with a subcontractor non-compete agreement, it could result in the business paying for overtime, workers’ compensation premiums, and so on. Therefore, make sure you get a subcontractor non-compete agreement template that’s genuine.
You can also go for Proposable’s free and fillable template that’ll allow you to ready an agreement in no time.