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New York Non-Compete Agreement Template

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The New York Non-Compete Agreement Template handles the documentation required to alleviate a Business Entity’s worries that a disclosure of information may result in unfair competition. This security concern can be addressed by obtaining a written guarantee from the Recipient that he or she will refrain from misusing the Business Entity’s information for the purpose of competing with the Business Entity or aiding another business in competing with the concerned Company. Such a guarantee must be an informed one and is best verified through a contract signature. It is important to note that such an agreement will only be taken seriously if it is presented at the start of the business relationship it applies to before any access to information is granted.

Restrictions

In New York non-compete agreements are industry specific. These types of agreements are enforced only if their requirements do not exceed what is required to protect concerned Business Entity’s legitimate protectable interests, does not impose undue hardship on the employee, does not cause injury to the public, and is reasonable in duration and geographic scope. Non-compete agreements for the financial industry are unenforceable.

Laws – None

How to Write

1 – Introduce The Signature Parties Of This Contract

The first article will set up the remainder of this document through its language, but it will need some information to define the Signature Parties. The first blank space in “1. Purpose” has been supplied so the Name of the Company or Business Entity setting these terms may be presented.The second blank line presented in “1. Purpose” should have the Legal Name of the person who will accept the Company’s terms for its disclosure of information. Report the Recipient’s Name on this line.

2 – Specific Non-Compete Terms Must Be Reviewed And Approved To Apply

The conditions set forth in this document for the Contract Recipient to follow will need to be selected from a list of statements by marking the appropriate check box. In “2. Non-Compete/Disclosure,” restrictions on the Contract Recipient’s “Business Practices” as well as against relationships forged by the Recipient with the Business Entity’s “Clients/Customers,” “General Competitors,” “Specific Competitors” (provide a list of Competitors in the available areas), and “Employees” may be applied by simply marking the check box corresponding to the desired statement. Each statement marked will be considered one the Recipient must comply with.

3 – The Life Span And Location Of These Conditions Must Be Detailed

The Time Period when the Recipient must obey the conditions and terms of disclosure set in the second article must be solidified before this document is signed. Locate the article labeled “3. Time Period.” Begin this report by supplying the blank line in this article’s statement with the number of months this document’s effect will be active for once it begins.Next, check one of the two check boxes in this article that would best describe when the time period should begin. By marking the first or second check box, the beginning of the Effective Period may  be declared as either this contract’s Execution Date or the Termination Date of the Business Entity and Recipient relationship.The period of Effect for this document may be altered only if the next article “4. Purchase Option” details this possibility. If the Company will accept a payment to release the Recipient from this contract’s obligations, then mark the first statement’s check box. This item will require the amount of money the Recipient must pay the concerned Business Entity written out on the first blank line and supplied numerically on the second blank line.Such an option is only available upon the Business Entity’s discretion. If no such release should be allowed, then check mark the second box. This second statement will mean the Recipient will be obligated to follow these terms for the entire lifespan of this contract as defined in the third article.Any geographical areas, within a reasonable radius that will be included in the agreement, must be written into the document using the blank line in “5. Jurisdiction.”  The County or City and State listed here will be a jurisdiction where this document will be enforced.

4 – The Agreeing Parties Will Need To Sign This Contract Into Execution

Each Signature party will need to sign this contract if it is to be enforced in any way. Supply the Calendar Date of this document’s Execution using the available blank areas in the last statement of “13. Entire Agreement.” This should be reported as the Two-Digit Calendar Day of the Month, the full name of the Month, and the Two-Digit Calendar Year.The last area of this contract will contain two distinct columns. One is labeled “The Company” and the other is labeled “Recipient.” The left-hand column will demand the attention of a Signature Representative of the Business Entity listed on the first blank line in “1. Purpose.” This Representative will need to sign his or her name on this line. Then, on the second line in this column, the Business Entity Representative should present his or her Printed Name and Title. Finally, the Signature Representative must record his or her Date of Signature on the last blank space.The right-hand column (titled “Recipient”) will only accept attention from the Contract Recipient listed in “1. Purpose.” He or she must furnish his or her Signature and Printed Name on the first two blank space. Once this task is completed the Recipient will need to verify the Date of his or her Signature by reporting it on the last blank line.


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