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New Hampshire Non-Compete Agreement Template

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The New Hampshire Non-Compete Agreement Template empowers concerned Business Entities with a method of safeguarding their Confidential Information and Business Tactics from being used to the benefit of competitors. This concern is addressed directly by presenting a detail on what the Business Entity considers its Proprietary Information and how a Recipient of the Business Entity’s knowledge should behave with this information. Furthermore, it will seek and operate with a binding signature of the Recipient thus, providing proof of his or her acknowledgment and acceptance of these expectations.

That is, new employees (or other entities the Business will share information with) will agree not to misuse any of the knowledge it gains from the Business in a way that would damage the Business. Some of the specifics of this agreement will need to be directly supplied by the individual preparing this contract so that it will apply to the situation at-hand in a fair manner. New Hampshire will impose several statutes to safeguard everyone’s benefit such as making this document enforceable only if it is presented at the start of the Business relationship (i.e., at the start of a New Hire’s employment).

Restrictions

Non-compete agreements are governed by Section 275:70 of the New Hampshire Revised Statutes the statute was reenacted in July of 2014 and applies only to non-compete agreements presented to employees at the time of hire. A copy of the non-compete agreement must be supplied to the employee before the employee’s acceptance of an offer of employment. If the employer is in compliance with N.H. RSA § 275:70 the non-compete agreement remains in full force and effect including provisions of employment, confidentiality, non-disclosure, trade secrets, intellectual property assignment and any other provisions in the agreement. All restrictions must be reasonable

Laws275:70

How to Write

1 – The Legal Name Of the Business And Recipient Must Be Presented

In order to set up this document, refer to section “1. Purpose,” then present the Business Entity’s Legal Name on the first available line. The next available line shall call for the Legal Name of the individual who will have access to the Business Entity’s Information. That is, the “Recipient” of this contract.

2 – Formally Present The List Of Restrictions To Be Imposed

The part following this document’s introduction above, “2. Non-Compete/Nondisclosure,” will discuss several areas concerning what actions the Business Entity expects the Contract Recipient to avoid. Each statement will address a specific topic and list actions the Recipient may not take in the same field of industry the Business Entity operates in. Restrictions may be imposed depending on the checkboxes that have been marked. The Business Entity may use this section to restrict the Recipient’s “Business Practices” and associations with the Business Entity’s “Clients/Customers,” “General Competitors,” any “Specific Competitors” presented, and “Employees.” Checkmark each statement of restriction the Business Entity wishes to impose on the Recipient through this agreement.

3 – State When The Recipient Is Obligated To This Agreement

A specific time period when the restrictions above are expected to be strictly observed by the Recipient will need to be reported on the blank space in “3. Time Period” (i.e.: 12 months). Note: This time period must be considered fair to both parties or it may not be enforceable when challenged. Naturally, since a length of time has been assigned to this contract’s Effect, a Start Date will need to be defined as well. This can be done by checking one of the last two statements in this section. This document’s Effect may be set to begin when it is Executed (check the first statement) or at the Termination of Business Entity’s relationship with the Recipient (check the second statement).The possibility of ending this document’s Period of Effect earlier than intended may be available to the Recipient in exchange for a payment to the Business Entity. Such an opportunity will need to be addressed in “4. Purchase Option.” To enact this option, document the payment amount (written out) on the first blank space in the statement beginning with “The Company Shall Allow…” then again numerically on the second blank space. Mark the checkbox for this statement to apply it.If this will not be a possibility, then mark the second checkbox.

4 – Name The Jurisdiction of Effect

The Governing Body where this contract will be enforceable has to be documented in this agreement. Use the blank space in “5. Jurisdiction” to report where the Business Entity will expect the Recipient to comply with these terms.

5 – The Business Entity And Recipient Must Provide A Dated Signature Of Acknowledgment

The Calendar Date when this contract is formally agreed to by both Signature Parties should be presented at the end of this document in “13. Entire Agreement.” Find the last statement of this item, then present the Calendar Day, Month, and Year accordingly. Find the bottom left-hand column “The Company.” The Business Entity will need to acknowledge this contract by signature. An Authorized Representative of this entity will need to Sign and Print his or her Name on the first two blank lines. If, this individual holds a specific Title with the Business Owner, it should be recorded on the second blank line adjacent to the Printed Name.A Date when this document was successfully signed by the Authorized Represented must be offered on the last line in this area.The Recipient can only show the intent to comply with the terms by executing this paperwork with a signature. He or she will need to sign the blank space directly beneath the bold word “Recipient.” The next available blank line, “Print Name,” requires the Recipient to print his or her Name.The Recipient is required to report the current Date when he or she has physically signed this paperwork on the line labeled “Date.”


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