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Preview - New York Non-compete Agreement Form
New York Non-Compete Agreement Template
This Non-Compete Agreement ("Agreement") is made and entered into as of , by and between , located at ("Employer"), and , residing at ("Employee"). This Agreement is governed by the laws of the State of New York.
The purpose of this Agreement is to protect the legitimate business interests of the Employer by restricting the Employee from competing with the Employer under certain conditions.
1. Non-Compete Obligation
The Employee agrees that for a period of following the termination of employment, they will not engage in any of the following activities within :
- Working for a competitor of the Employer.
- Starting or managing a competing business.
- Directly or indirectly soliciting the Employer’s clients or customers.
2. Consideration
In exchange for the Employee's agreement to the terms outlined in this Agreement, the Employer provides the following consideration:
- Employment with the Employer.
- Access to confidential information.
- Additional benefits as outlined in the Employee's offer letter.
3. Confidentiality
The Employee agrees to keep all proprietary and confidential information learned during their employment confidential, both during and after their employment with the Employer.
4. Governing Law
This Agreement shall be construed in accordance with the laws of the State of New York.
5. Severability
If any provision of this Agreement is found to be unenforceable or invalid, the remaining provisions shall remain in full force and effect.
6. Entire Agreement
This Agreement constitutes the entire understanding between the parties and supersedes all prior agreements or understandings, whether written or oral, regarding the subject matter hereof.
IN WITNESS WHEREOF, the parties hereto have executed this Non-Compete Agreement as of the date first above written.
Employer:
Employee:
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Similar forms
- Non-disclosure Agreement (NDA): This document protects confidential information shared between parties. Both agreements aim to prevent the misuse of sensitive information, although an NDA focuses specifically on confidentiality rather than competition.
- Employment Agreement: This contract outlines the terms of employment, including job responsibilities and compensation. Like a non-compete agreement, it establishes expectations between the employer and employee, but it typically does not restrict future employment opportunities.
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- Confidentiality Agreement: Similar to an NDA, this document ensures that parties do not disclose proprietary information. Both agreements serve to safeguard sensitive information, but a confidentiality agreement may not include restrictions on future employment.
- Severance Agreement: This document outlines the terms under which an employee may receive severance pay upon termination. While it may include non-compete clauses, its primary focus is on the financial aspects of separation from employment.
- Partnership Agreement: This agreement defines the relationship between business partners. It may contain non-compete provisions to protect the business interests of the partnership, similar to how a non-compete agreement protects an employer's interests.
- Settlement Agreement: Often used to resolve disputes, this document may include non-compete clauses as part of the settlement terms. Both agreements aim to limit certain actions post-relationship, but a settlement agreement often arises from a dispute rather than a preemptive measure.