Non Compete Agreement Texas Template

Between your company and an employee.

Non compete agreement texas template. In order to have a fighting chance to enforce a non compete agreement with a texas employee it must meet the strict requirements of the texas business and commerce code 1550. If the employee is found to have broken the agreement he or she may be held liable for damages lost profits and even possible jail time. A non compete agreement is a document used to protect employers from partners employees contractors and other individuals with access to their business secrets and practices using that access to leave the company to start their own competing business in the same industry. Texas non compete laws 1550 52.

A sales non compete agreement is created specifically for employees in sales roles. A non compete agreement is enforceable in texas if it is supported by valid consideration and is reasonable in time geographic scope and activities to be restrainedgenerally texas law disfavors contracts and arrangements that. To protect company goodwill and confidential information a texas employer can utilize a non compete agreement. This non compete agreement template is written very generally to allow a company to hire a person to work for them and then attempt to bind them to a promise that they will not compete with the company for a specific period of time after the business relationship is over.

However there are a few hoops to jump through to help ensure your companys non compete agreements can hold water. What is a sales non compete agreement template. Are non compete agreements enforceable in texas. A non competition agreement sample provided below should clearly describe what subject matter the other party is agreeing to not compete withfor.

Each time an employee completes your form your custom non compete agreement template will automatically generate secure a pdf thats easy to organize and access on any device. These agreements typically include details about the salespersons sales restrictions and their limitations when selling for other parties. Typically the contract recipient will be a business relationship such. With the time you save writing non compete agreements for employees you can focus more on running your business with a newfound peace of mind.

The document is written according to your responses clauses are added or removed paragraphs are customised words are changed etc. At the end you will immediately receive the document in word and pdf formats for freeyou can then open the word document to modify it and reuse it however you wish. There are many reasons to insist on a non competition agreement agreement as distinguished from contract means the bar. The texas non complete agreement template has been developed to grant business entities the ability to set a legally enforceable contract that contains the terms and conditions meant to protect its confidential information from being inappropriately used by the recipient.

Learn more about non compete agreements. Texas clarifies that non compete agreements must be fair in their drafting and not impose greater than necessary harm to the employee in its restrictions. Non compete agreements are used most often in highly competitive industries such as technology development sales and. How to customize the template.