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Utah Non-Compete Agreement Template

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The Utah Non-Compete Agreement Template, a hardcopy tool used to prove compliance, can be issued by a Business Entity to its Recipient when that Business intends to enter a relationship where its Proprietary Information may be exposed. Utah does not have any real statutes directly protecting a Business from potentially unfair competition or other similar effects that an entity such as an Employee or Board Member may contribute to through knowledge gained from that Business. In many cases, this worry is a valid security issue since Confidential Information or Trade Secrets are often integral to a Company’s operations. For instance, the coveted recipe for a particular food item or several years of research behind a pharmaceutical could have devastating long-lasting effects on the originating Business if such information finds its way to a competitor or if the Information Recipient intentionally uses that information to market and sell the same product.

Naturally, a Business will want to exert some level of control over the actions and behavior of one of its relationships wherever and whenever its information is involved. This can be achieved through a signed agreement that is lawful and fair. Such a document will act as a contract once it is signed. It will be especially effective if presented at the start of a relationship. In fact, in most (if not all) cases such an agreement must legally be entered before either of these parties enter it.

Laws – None

How to Write

1 – Fulfill The Introduction’s Requirements

The introduction for this paperwork will seek a determination for the concerned parties involved. Locate the initial paragraph in “1. Purpose.” Here, you will need to provide the Full and Legal Name of the Company and the Recipient on the first and second blank spaces (respectively). The Company will be the party issuing this contract and placing conditions upon the relationship being forged while the Recipient is the party that will agree to honor these conditions to pursue the professional relationship.

2 – The Business Entity’s Effect On The Recipient’s Intentions And Actions

The subject matter for the second part of this document (“2. Non-Compete/Disclosure”) will be the exact restrictions the Business Entity has deemed appropriately placed upon the Recipient. Here, a checklist statement area will be provided solely for this purpose. The Recipient can be barred from directly competing with the Business Entity’s products/services in his or her “Business Activities,” in addition he or she can be forbidden in engaging with the Business’s “Clients/Customers,” “General Competitors,” “Specific Competitors,” and/or its “Employees.” Such restrictions can be placed upon the recipient when the checkbox statement is marked. Of course, if the Business Entity intends to restrict the Recipient from conducting any affairs with “Specific Competitors,” the Legal Name of each Competitor must be supplied on the blank lines presented

3 – Document The Event That Starts And Terminates This Agreement’s Active Status

The Recipient can only be held accountable to the terms of this agreement for so long before it is considered unfair or even unlawful. Therefore, a predetermined lifespan must be appointed to the conditions in this contract. Document the number of months the Recipient will be held responsible to comply with the conditions above in “3. Time Period.” This should be entered as a number of years, months, or a combination of the two on the blank space in the first statement of this item.Once the number of months has been documented, it will be time to report precisely when the conditions here will go into Effect. If this document’s restrictions demand compliance immediately upon the Execution of this contract, then mark the first checkbox statement.If the Recipient will not be required to follow these directives until the end of his or her relationship with the Business Entity, then mark the second checkbox statementThis contract must cover the subject of how it may be terminated. The Business Entity may decide the Recipient can purchase a release from these terms prematurely in exchange for a determined amount of money. If so, then enter the required Payment Amount written out, on the first blank line in “4. Purchase Option,” and again numerically on the second blank line. Place a mark in this check box to allow a Recipient Purchase as a manner of Termination.If the Business Entity requires the contract terms to be in Effect until they naturally expire, then mark the second checkbox.

4 – Declare The Agreement’s Effective Utah Region And Execution Date

In addition to determined time period for these conditions to apply, a determined Neighborhood, City, County, or Region of Utah must be attached to these conditions. Make sure to enter the areas in Utah where the restrictions listed above will apply to the Recipient on the blank space in “5. Jurisdiction.”Now that we have identified the terms, it will be time to solidify when the concerned Signature Parties listed in “1. Purpose” will formally agree to this contract. Locate “13. Entire Agreement,” then fill in the blank lines of the “In Witness…” statement with the Calendar Day (1-31), Month, and Two-Digit Year these two parties will sign this document.

5 – Every Entity Entering This Agreement Must Do So Through Signing

The Business Entity identified as the Company, must locate the column labeled “The Company.” It will enter this agreement once an Authorized Representative has signed and printed his or her Name then supplied his or her title with the Company and his or her Signature Date on the three blank spaces labeled “Signature,” “Print Name And Title,” and “Date” respectively.The individual named in the introduction as the “Recipient” will need to sign his or her Name to enter this agreement as well. This signature should be provided on the first blank line under the heading “Recipient. The Recipient will then need to print his or her name and document the Signature Date using the next two available lines.