Non competition clause in employment contract sample
Non-Compete. Executive acknowledges that during his employment relationship with, or through his involvement as a member or stockholder of, any Related Company, Executive has and will become familiar with trade secrets and other Confidential Information concerning such Related Companies, and with investment opportunities relating to their respective businesses, and that Executive’s services have been and will be of special, unique and extraordinary value to the foregoing entities. A non-compete agreement is a formal agreement between an employer and an employee that the employee will not engage in any employment activities that are in conflict or competition with their primary job. Companies use non-compete agreements to ensure that their workers will not engage in businesses activities