NDA and Non Compete Agreement Template

  • 3 min read
  • Feb 17, 2020

Your NDA and Non-Compete Agreement are probably one of the most important documents you will ever sign. The NDA covers who owns what information during your employment. It also protects your work-related personal property from becoming the property of another company. It also includes whether you can hire another employee to do work for you.

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As you may be aware, the benefits of an NDA and Non-Compete Agreement is that it protects your rights. The agreement does not bind you to a specific document. For example, if your employer files a complaint with the Department of Labor about your using confidential information from a trade secret to steal intellectual property, your contract does not prevent you from talking to your new company. You can work with the other company’s information and they can pay you a fair wage. The NDA does not include any express language against the competition.

The law states that an agreement between two parties is enforceable if there is a valid contract that is in writing and signed by both parties. A valid contract must be in writing to be enforceable. If a contract cannot be read clearly by an expert and signed by both parties, then the agreement is unenforceable.

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An NDA and Non-Compete Agreement Template are a quick and easy way to draft an NDA and Non-Compete Agreement. You can either download a template for free or ask your attorney to create it for you. Regardless, of whether you draft it yourself or have an attorney draft it for you, be sure to create a complete document that explains all the provisions of the agreement. These documents will save you time and money in the future. They will also protect your reputation and keep your employer from looking for any legal grounds to sue you for breach of contract.

When drafting your NDA and Non-Compete Agreement Template, consider that it must be in the form of a contract between you and your employer. It must clearly state the rights of both you and your employer. Even though the template is generally very similar to the standard NDA and Non-Compete Agreement template, be sure to make any small changes necessary to make it fit your unique situation.

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While the templates are very helpful for completing your NDA and Non-Compete Agreement, they will not protect you from possible lawsuits, especially if you used specific language that might be taken as a statement that you would use or pursue the rights to your trade secrets at any other company. Also, even if you drafted your NDA and Non-Compete Agreement Template using a template, make sure that the legal language is as clear as possible. Make sure to delete all errors or untranslated words so that you can be sure that your lawyer has given you the best legal representation possible.

Although the template is usually fairly easy to understand, you should still read the entire document carefully to make sure you understand everything that is being written. A template may also not apply to your unique situation, so it may not protect you the way you need it to.

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