Non-Solicitation Agreements: What You Need to Know
What is a Non-Solicitation Agreement?
A non-solicitation agreement is a contract between an employer and an employee that prevents the employee from soliciting the employer's customers or employees for a specified period of time after termination of employment.
Why Are Non-Solicitation Agreements Used?
Non-solicitation agreements are used to protect an employer's business interests by preventing employees from taking their customers or employees with them when they leave the company. This can help to prevent the employer from losing valuable business revenue and relationships.
What are the Requirements of a Non-Solicitation Agreement?
In order to be enforceable, a non-solicitation agreement must meet certain requirements. These requirements include:
- The agreement must be in writing.
- The agreement must be supported by consideration.
- The agreement must be reasonable in scope and duration.
- The agreement must not violate any public policy.
How Long Can a Non-Solicitation Agreement Last?
The duration of a non-solicitation agreement is typically limited to a reasonable period of time after termination of employment. The specific length of time will vary depending on the circumstances of the case.
Are Non-Solicitation Agreements Legal?
Non-solicitation agreements are generally enforceable in most jurisdictions. However, there are some exceptions to this rule. For example, a non-solicitation agreement may be unenforceable if it is found to be overly broad or if it violates public policy.
Themis Partner Thailand
Acquire Com Blog
Comments