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Whenever sensitive information is shared between two parties, there is potential for that information to be exploited to gain a competitive advantage. This non-compete agreementwill help formalize the relationship and provide legal remedies in the event of a breach.
NON-COMPETE AGREEMENT
THIS NON-COMPETE AGREEMENT (the "Agreement") dated this 27th day of April, 2018
BETWEEN:
____________________ of ________________________________________________________________________________(the "Employer")
OF THE FIRST PART
- AND -
____________________ of ________________________________________________________________________________(the "Employee")
OF THE SECOND PART
BACKGROUND:
IN CONSIDERATION OF and as a condition of the Employment and the Employer providing the Confidential Information to the Employee in addition to other valuable consideration, the receipt and sufficiency of which consideration is hereby acknowledged, the parties to this Agreement agree as follows:
IN WITNESS WHEREOF ____________________ and ____________________ have duly affixed their signatures under hand and seal on this 27th day of April, 2018.
_______________________________WITNESS: ______________________
_____________________________________________________(Employer)
_____________________________________________________(Employee)
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