NONDISCLOSURE, DEVELOPMENTS AND NON-COMPETITION Clause Samples
The "Nondisclosure, Developments and Non-Competition" clause primarily serves to protect a company's confidential information, ownership of intellectual property created by employees, and its competitive interests. It typically requires employees to keep proprietary information secret, assigns ownership of inventions or developments made during employment to the employer, and restricts employees from working for competitors or starting a competing business for a certain period after leaving the company. This clause is essential for safeguarding sensitive business information, ensuring that valuable developments remain with the employer, and preventing unfair competition from former employees.
NONDISCLOSURE, DEVELOPMENTS AND NON-COMPETITION. As you know, prior to commencing, and as a condition to your employment with the Company, all employees are required to agree to sign a copy of the Company’s standard Nondisclosure, Developments, and Non-Competition Agreement. The Company will ask you to sign this agreement after you have signed and returned this letter and prior to or on your Start Date.
NONDISCLOSURE, DEVELOPMENTS AND NON-COMPETITION. As part of your employment with the Company, you will be exposed to, and provided with, valuable confidential and trade secret information concerning the Company and its present and future business plans and operations. As a result, in order to protect the Company’s substantial investment of time and money in the creation and maintenance of its confidential information and good-will with its customers, clients and collaborators, your offer of employment and the new hire equity grant are contingent upon your signing the Non-Disclosure, Developments and Non-Competition Agreement (the “Non-Disclosure, Developments and Non-Competition Agreement”) and your continued willingness to abide by its terms. The Agreement also contains post-employment restrictive covenant provisions. A copy is attached to this Letter Agreement as Exhibit A. You have been given at least ten (10) business days to consider the Non-Disclosure, Developments and Non-Competition Agreement, and by signing below, you agree that the benefits described in this offer letter are fair and reasonable consideration for the Non-Disclosure, Developments and Non-Competition Agreement. By the same token, the Company expects you to abide by and honor the terms of any agreements you may have with your present or prior employers. By signing below, you confirm that you are not subject to any employment or consulting agreements (including without limitation a non-competition, customer non-solicitation, confidentiality or other similar provision) that would prevent you from fulfilling, or otherwise affect the performance of your job duties for the Company. Also, just as the Company regards the protection of our confidential information as a matter of great importance, we also respect that you may have an obligation to your present and prior employers to safeguard the confidential information of those companies. The Company respects these obligations and expects you to honor them as well. To that end, we expect that you have not taken any documents or other confidential information from your employer. Further, we want to make it perfectly clear you should not bring with you to the Company or use in the performance of your duties for our Company, any proprietary business or technical information, materials or documents of a former employer, or otherwise disclose or use any former employer’s confidential information.
NONDISCLOSURE, DEVELOPMENTS AND NON-COMPETITION. Co-Founder acknowledges that during the Term, he will have access to and will be entrusted with confidential information and trade secrets relating to the business of the Company. As a result, to protect the Company’s substantial investment of time and money in the creation and maintenance of its confidential information and goodwill with its customers, clients, and collaborators, this Agreement is contingent upon Co-Founder’s signing the Company's Non-Disclosure, Developments and Non-Competition Agreement contained in Exhibit B hereto (the “NDA Agreement”) and his continued willingness to abide by its terms. Co-Founder acknowledges and agrees that the promises contained in the NDA Agreement are in addition to any covenants relating to the same or similar conduct in the Employment Agreement.