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Hawaii Non-Compete Agreement Template

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The Hawaii Non-Compete Agreement Template will provide companies and corporations a method to receive a signed agreement from Employees, Contractors, Visitors, and even Partners stating that they will not engage in unfair competition against the company because of being privy to any of its Confidential Information. Here, the concerned business will seize the right to require a time frame for which the Recipient (Employee, Contractor, Partner, etc.) will promise to maintain the confidentiality of any procedures and/or materials available during their term of employment. Once the period is completed, the individual will have the right to move forward and compete in the Company’s market regardless of the exposure to Company Information.

Restrictions

Section 480-4(d) of the Hawaii Revised Statutes prohibits non-compete agreements in the information technology sector. A non-compete in Hawaii is enforceable if it is reasonable in time, does not impose an undue hardship on the employee, and is ancillary to a legitimate purpose that does not violate chapter 480 of the Hawaii revised statutes.

Laws§480-2

How to Write

1 – Refer To The First Paragraph And Supply Requested Information

Under the heading “1. Purpose,” we will need to establish the legal identity of each signature party. Establish the party issuing this contract by entering the name of the Company onto the first blank line of the introduction paragraph.

This introduction will also request an identification of the party who will enter this Agreement at the request of the Company. Use the second empty line to document the name of the Recipient (Employee, Contractor, Partner, Visitor, etc.) who will enter this agreement by signature.

2 – A Solid Report On Limitations And Restrictions Must Be Provided

The next portion of this paperwork, “2. Non-Compete/Disclosure” shall, by checking any or all the checkboxes, will provide what is expected by the company and what will also be expected to remain confidential by the employee through this agreement.

If the Company intends to restrict the Recipient’s “Business Practices” from competing with the Company’s own business, then place an “x” or check the first statement in this section.

The Recipient can be required to avoid behaving with the Company’s “Clients And Customers” in the manner defined by the second paragraph, then check the box next to the second statement.

The third box must be checked should the Company expect the Recipient Party to avoid business or association with the Company’s “General Competitors” according to the terms of this statement.

If there are any “Specific Competitors” who the Recipient may not associate with, they should be listed on the blank lines provided in the fourth paragraph. This statement’s corresponding checkbox must be checked or marked if it is to apply to the Contract Recipient through this document.

The Recipient can be restrained from engaging with the Company’s “Employees” as outlined in the fifth statement, if it is check marked.

3 – The Effective Time Frame Of This Paperwork Is To Be Solidified Before Signing

The company must adequately define the when the terms of this paperwork obligate the recipient will begin and when this contract’s power over the Recipient’s behavior will end. The section titled “3. Time Period” contains three statements. The first will request the total length of time (between the Start Date and Termination Date) this contract will remain in effect to be furnished in the blank space provided.

Only one of the next two statements can apply to this paperwork thus only one of the two boxes provided should be marked. If this document starts on the same day it is executed, then checkmark the first checkbox. These terms will not be applied until the business relationship between the two Signature Parties terminates then, mark the second checkbox.

4 – The Option To Buy A Relief From These Terms Can Be Made Available

A purchase option is often made available by companies utilizing this agreement as a consideration to the Recipient. This allows for the Recipient to pay a pre-determined amount of money (to the Company) in exchange for being released from the obligations this paperwork will impose upon signing. One of the two checkboxes in the segment of this document titled “Purchase Option” should be marked to indicate the Company’s stance on this option. If the Company will grant a Purchase Option, fill in the exact amount of money it must receive from the Recipient using the two spaces in the first statement then, fill in the corresponding checkbox. Mark the second check box only if the Company will not provide any such option.

5 – The Local Laws Governing These Terms Should Be Identified

The local and state governments who will maintain authority over this paperwork and each party that signs it should be identified on the blank space in the “5. Jurisdiction” portion of this document.

7 – The Signing Parties Must Each Sign This Template To Execute Its Demands

Once every signature party (Company and Recipient) has read and determined its intention to adhere to this contract’s obligations, two final sections will need to be satisfied. This will require each party’s direct attention.

The Company must arrange to provide a Signature Party to operate on its behalf by signing this agreement, printing his or her Name and Title, then entering the Date of Signature on the lines labeled “Signature,” “Print Name And Title,” and “Date” in the column titled “The Company.”

The Recipient (Employee, Contractor, Partner, Visitor, etc.) will have his or her own column on the right with the blank spaces labeled “Signature,” “Print Name,” and “Date.” The Recipient must sign and print his or her Name using these lines and enter the Date of Signature on the last blank space.


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