Disclosure of Confidential Information; Covenant Not To Compete Clause Samples
The "Disclosure of Confidential Information; Covenant Not To Compete" clause serves to protect a party's sensitive business information and restricts the other party from engaging in competitive activities. Typically, this clause prohibits the recipient from sharing or using confidential information for any purpose other than what is permitted under the agreement, and also bars them from working with or starting a competing business for a specified period and within a defined geographic area. Its core function is to safeguard proprietary information and business interests by preventing unfair competition and unauthorized disclosure, thereby reducing the risk of economic harm.
Disclosure of Confidential Information; Covenant Not To Compete. Company possesses secret and confidential equipment, techniques, processes, procedures, technical data and information, and customer lists used or intended for utilization in its operations of which Employee has obtained or may obtain knowledge, and Company would suffer serious harm if this confidential information were disclosed or if Employee used this information to compete against Company. Further, Employee in the performance of services hereunder may develop or conceive new and additional inventions and improvements with respect to such matters. Accordingly, Employee hereby agrees that simultaneously with the execution of this Contract he shall execute and deliver to Company, and thereafter abide by, the terms of a “Confidentiality Agreement and Covenant Not to Compete” and “Disclosure and Invention Agreement,” copies of each of which are attached hereto as Exhibits “B” and “C” and incorporated herein by reference.
Disclosure of Confidential Information; Covenant Not To Compete. The Executive shall enter into an Employee Nondisclosure and Developments Agreement with the Corporation in the form annexed hereto as Exhibit 1.
Disclosure of Confidential Information; Covenant Not To Compete. Company possesses secret and confidential equipment, techniques, processes, procedures, technical data and information, and customer lists used or intended for utilization in its operations of which Employee has obtained or may obtain knowledge, and Company would suffer serious harm if this confidential information were disclosed or if Employee used this information to compete against Company. Accordingly, Employee hereby agrees that simultaneously with the execution of this Contract he shall execute and deliver to Company and thereafter abide by the terms of a “Confidentiality Agreement and Covenant Not to Compete” a copy of which is attached hereto as Exhibit ”A” and incorporated herein by reference.