Employee Non-Compete Agreement Form

An employee non-compete agreement form is filled up by an employee where he agrees not to enter into competition with the employer after he or she terminates employment at that particular company. A non-compete agreement is applicable typically for a certain period of time after employment ends or varies according to the state law. It also depends on how restrictive the contract is that is what limitations are set on a person from working in their field or location or on what the employer defines as competition. Employers make employees sign a non-compete agreement to prevent them from joining a competitor and use the training received here for the rival company.

Sample Employee Non-Compete Agreement Form

Employer details

Name of company:                                      Address:

Phone number:                                            Email ID:

Employee details

Name of employee:                                      Address:

Phone number:                                            Email ID:

Employee code:                                            Date of joining:

Type of business company is primarily engaged in : _________

Term of agreement: The agreement shall be in effect from the date of execution to _______.

Area covered: The agreement shall extend for an area of _________ miles from the location of the company.

Additional clauses, if any: ____________

Execution date: Signing date for this agreement __________

I hereby agree that upon the termination of my employment from this company, notwithstanding the cause of termination, I shall not compete with the business of the company directly or indirectly as an owner, employee, consultant or stockholder or engage in the business similar or competitive to the business of the Company.

Signature of employee:

Date:

Signature of employer:

Date:

Category: HR Forms