A nonsolicitation agreement is a contract which requires that an employee agrees not to solicit an employer’s customers or clients for his or her own benefit or for the benefit of a competitor after departing from the company for any reason.
A similar yet distinct agreement is a noncompete agreement which prohibits an employee from working for a competing employer after leaving the company. A noncompete agreement usually includes a specified period of time wherein the employee must refrain from working for a competitor. Noncompete agreements can include other provisions such as distance and specific competitors or industries with whom the employee agrees not to seek employment.
These agreements are legally binding and may be enforced in court. As such, it is essential that all parties involved are clear on the terms and have researched law or consulted with legal counsel to ensure that all terms are indeed lawful. RealDealDocs allows you to read actual agreements which have been successfully implemented.
Here are several noncompete and nonsolicitation agreements currently available:
Equitable Resources, Inc.
HITTITE MICROWAVE CORP
ARRAY BIOPHARMA INC
Central Valley Community Bancorp and Service 1st Bancorp
DAVITA INC, HEALTHCARE PARTNERS HOLDINGS, LLC, and Parent, SEISMIC ACQUISITION, LLC