From @aoc.legal – Executing a Non – Compete Agreement can save your business from exploitation by partners or employees.
Some important points in the agreement include –
Who is agreeing not to compete
Who is preventing the competition
As of when is the agreement effective
How long is the agreement enforceable
What type of business is prohibited
The reason for the prohibition
The geographic area within which competition is prohibited
What the payment is – called “consideration’ – in return for this agreement
If you have any questions on how to protect your business or ideas through a Non – Compete Agreement, pls send a DM or drop a comment.
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