Non Compete Agreement Alabama Template

How to customize the template.

Non compete agreement alabama template. Below is a free non compete agreement template from docracy. In most cases when two businesses work together each may become aware of sensitive information such as business secrets client lists and other possible competitive practices used by the concerned business. An agreement that includes a nationwide restriction is not. Undue hardship is determined on a case by case basis.

Please note that this article contains general information only so you should consult your own legal professional before making any decisions on nca contracts. However you might want to quickly check our table on states that exclude non compete agreements. The alabama non compete agreement is a legal document used to stop an individual or business from competing with a business once these parties have worked together. What is a non compete agreement.

A non compete agreement is a document that attempts to block an individual or entity from potentially entering into competition with another party. The non compete extension will begin when jon smith no longer works for abc company. There are some employee benefits to signing a non compete agreement. However each state has its own laws that govern non compete agreements so be sure to consult with a competent corporate law attorney if you are interested in crafting a non compete agreement for your company.

Non compete agreement employee rights. Non compete extension period the period of time after a working relationship ends or a general time period. Non compete agreements also known as covenant not to compete cnc non compete clause ncc and restrictive covenants are becoming increasingly common in employment applications employment agreements and in contracts for the sale of businessesthe purpose of this agreement is restrict any employee from going into a business same as their former company. This is most common when hiring employees as individuals will be exposed to sensitive information about an entity that could later be used against it if the employee decided to create a like business in the future.

On january 1 2016 alabamas updated non compete statute went into effect. In alabama non compete agreements that are limited to the same geographic region where the former employer does business restricted for no more than two years have been held by the courts as valid. Alabama does have restrictions on non compete agreements. The non compete extension will begin on july 31 2019.

Use the form on the left to fill in the template.