Indiana Non-Compete Agreement Template

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An Indiana Non-Compete Agreement Template can be used by any Business entity at the start of a professional relationship with a Recipient Party. Here, a guarantee that any information or Contacts a Recipient has gained from the Issuer of this contract will not be used as a means to compete with the Issuing Company. This will apply only to Confidential Information that would not be gained through public means or is not public knowledge. That is, when the Contract Recipient is exposed to any Sensitive Information or Trade Secrets the Issuing Company relies on for its profits, that information can potentially be used to compete with the Issuing Company. Many would consider this an unfair business practice regardless of whether it is intentional or not. This paperwork will seek to prevent such misuse of the information a professional relationship may expose to the Contract Recipient.

There is no statute or regulation that govern non-compete agreements in the state of Indiana. Non-compete agreements must be reasonable, the restraints must be easily considered to be necessary to protect Issuing Company’s legitimate interests, trade secrets, confidential information, and public interest. The non-compete duration should be fair to the Recipient and the Issuer of this contact. Both parties must, therefore, be clear about their needs and expectations.

Non-compete agreements are generally disfavored in Indiana.

Laws – None

How to Write

1 – The Issuing Company, The Contract Recipient, And The Restrictions Imposed

Locate the first paragraph just under the heading “1. Heading” then record the Issuing Company’s Legal Name on the first blank space.

The Contract Recipient’s Legal Name must be presented on the next blank space in this paragraph.

Find the second article, bearing the Title “2. Non-Compete/Disclosure,” where we will solidify what specific restrictions will be exerted on the Contract Recipient by the Issuing Company through this paperwork’s execution. The checklist supplied here will need direct attention since only the conditions whose corresponding checkbox has been marked will be included. Any unchecked items will not be applied. To begin, check the first box if the Issuer wishes to prevent the Contract Recipient directly or indirectly competing by providing the public with similar products and services as the Issuing Company. Leave this unchecked, if this is not a restriction that should be included.

Mark the second condition, titled “Clients/Customers,” if the Issuing Party intends for the Contract Recipient to restrain itself from pursuing or engaging with the Company’s customers in supplying the same services as that of the Company’s against the wishes of the Issuing Company. If this is not required by the Company, leave this statement’s checkbox blank.

The Issuing Company may restrain the Contract Recipient in conducting any business, seen as competitive with the Company’s products and services, with any of the Company’s Competitors by checking the third checkbox statement.

Similarly, the Issuing Company may list “Specific Competitors” the Contract Recipient may not conduct business within the fourth statement then mark the fourth check box to apply it.

One final restriction option is provided in this list. If the Issuer wants to prevent the Contract Recipient’s professional relationships from including any of the Company’s “Employees” or similar professional relations (i.e. a business partner), the last checkbox in this list should be marked.

2 – This Contract’s Period Of Effect Should Be Declared Before Signing

Locate the third part of this document. It bears the title “3. Time Period.” The first statement of this section will have a blank line where the length of time this Contract’s Effect is active must be reported.

The representative must then check one of the boxes that would best describe the event when the active period of Effect begins. Select the first checkbox if the starting event is the Effective date of this agreement or the second check box if the starting event is the Termination of the Recipient’s employment and/or business with the Company

3 – An Option To Purchase Relief From The Terms Must Be Discussed

In many instances, it is somewhat standard for a Company issuing this document to provide the Contract Recipient with the choice of remaining in this contract or buying a relief of these terms paying for this contract’s nullification. The status of this option must be discussed then indicated by checking the appropriate checkbox.

Check the first box if the Company shall allow the Recipient to void this agreement at any time and release all liability in connection with this agreement by payment to the Company. If this is the selection, the representative must enter the amount of money the Contract Recipient must pay to the company in order to void the document

Check the second box if the Company will not allow the Recipient to be released from liability under this agreement for any monetary amount or reason whatsoever

4 – This Contract Must Declare The Area Where It’s Effects Obligate The Recipient

Make a list of jurisdictions that where this contract will be effective and be governed, then report the Jurisdiction(s) on the blank line in the fifth part of this contract (5. Jurisdiction).

5 – Each Party Must Agree To The Terms And Execution Date

The remainder of the document will require very careful review by this contract’s Recipient and Issuer. The topics discussed (Confidential Information, Permitted Disclosure, Confidentiality, Consultants and Employees, Return of Materials, Remedies, Choice of Law, and Entire Agreement should all be read, comprehended, and agreed to before filling this contract’s Execution Date in the “In Witness Whereof” statement (located at the conclusion of these terms/disclosures).

6 – Each Party’s Acknowledgement Through Signature

The Issuing Company will need to provide its Signature to enter this contract and benefit from the protection of its terms. The Signature may be that of an Owner of the Issuing Company or an Authorized Representative of the Issuing Company. The Company’s Signature party should be supplied on the line labeled “Signature” in “The Company” Column.

The Issuing Company’s Signature Party must print his or her Name on the “Print Name and Title” line. If he or she holds a specific Title it must be recorded on the same line, he or she presented a Printed Name.

The final task to that must be performed by the Issuing Company’s Signature Party will be to fill in the Date he or she signed this contract on behalf of the Company on the line labeled “Date.”

The Contract Recipient will also need to provide such proof of Acknowledgment. He or she should locate the “Recipient” column then, sign the “Signature” line.

The Contract Recipient must Print his or her Name on the line “Print Name.”

The Date this contract was signed by the Recipient should be documented on the line “Date” by the Contract Recipient immediately after signing this paperwork.