Common Contracts
1 similar Covenant Not to Compete contracts
Covenant Not to CompeteCovenant Not to Compete • July 13th, 2021
The covenant not to compete, also known as restrictive covenant is an agreement between the employer and employee that bans, prohibit, or restrict the employee from doing competitive activities for a certain time and at certain geographical location. The covenant can help protect the trade secrets, confidential information, access to business portals of the employer, and generally protect the interest of the employer. By law, the protectable interest of the employer includes trade secrets and confidential non-public information accessible to the employee, and the special, extraordinary, or unique services the employee delivers under the name of the employer (Covenant not to Compete, 2021). The employees leaving the organization definitely knows the secrets and details about the business activities of the employer and carry the skills and capabilities of delivering services considered as key or asset to the success of the company. Such can be verily used to their advantage to carry on w
