Drafting an effective non-compete agreement needs a lot of attention, many considerations, and a good knowledge of the agreement. Suppose you are an employer protecting your business interests or an employee securing your legal rights. In that case, you must have a lawyer to take care of your agreements and negotiate on your behalf.
At this time, seeking help and legal advice from professionals at Charlotte non-competition agreement attorney can be in your best interests. Make sure to clarify all your queries and concerns. In this blog, you will learn about some beneficial tips for drafting effective non-compete agreements.
Be clear with your terms.
When you are drafting a non-compete agreement, you always have to make sure that you are all clear with your terms and conditions. Moreover, you have to clarify where your employee cannot work after leaving. Be specific with the geographic limitations and with your business trades. Furthermore, you also have to keep in mind that the non-compete agreement should not be unreasonable, and it should be customized to a specific business.
Provide severance packages
If you want someone to agree to your requirements, you should make sure you give them something in return. When you draft a non-compete agreement, you should also add some severance packages that can be in the employee’s best interests. There are many facilities you can give them, like access to your proprietary information, specialized training, your clients’ information, bonuses, and many other benefits.
Be according to your jurisdiction.
If you do not want your non-compete agreement to be terminated or invalidated, you have to make sure you are familiar with your state jurisdiction. If you draft your non-compete agreement according to your jurisdiction, then all your terms and conditions will be enforceable and applicable to the law. You have to keep looking for updates because laws change, and so will your business needs. Therefore, make sure you notify your employees about the update.
You should specify remedies.
After drafting your terms and conditions according to your jurisdiction, providing your employee with some considerations, restricting the duration of your agreement, and limiting your business geographic scope, make sure you add some remedies in case the employee breaches any term. You should be crystal clear with your remedies that if any employee breaches the non-compete agreement, then he/she will have to face legal action, financial penalties, and many other consequences. This will keep all the employees from breaching and violating the terms and conditions.
Contact your legal representative today!
If you want to draft a non-compete agreement for your business or industry, consider having a brief discussion with your legal advisor to make it more effective and enforceable.