Common Contracts
1 similar Non-Compete and Non-Disclosure Agreement contracts
Non compete and non disclosure agreementNon-Compete and Non-Disclosure Agreement • November 6th, 2020
Non-disclosure agreements and non-competing agreements are legal instruments that are considered restrictive agreements that limit what a person can say or do under certain scenarios. The statute of limitations is designed to prevent employees or individuals associated with the company from disclosing certain information about that company to competitors or leaving the company and doing business in direct competition with it. These restrictions are necessary to prevent financial damage from occurring to the company if one of their employees utilizes proprietary information obtained from the company to compete with that company or provide assistance for their competition. Especially there are two types of restriction agreements that can be used by companies and it is important to understand the differences. These un competed agreements are used to prevent an employee from leaving the company and forming their own rival company in close proximity to and in direct competition with their f
