Virginia Non-Compete Agreement Template

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The Virginia Non-Compete Agreement Template documents its Recipient’s acceptance of a Business Entity’s conditions for entering a professional relationship. The goal of this paperwork will be to help prevent the Recipient’s misappropriation of items such as the Business Entity’s Trade Secrets, Proprietary Information, or other Sensitive Information and the unfair competition that could result from the Recipient’s actions. Generally, this will be useful when a Business decides to partner with another entity or hire new staff. During such relationships, a Business Entity is vulnerable to a breach of its confidence.

There are no true laws directly preventing a Recipient from unfairly competing with the Business or aiding another entity to compete unfairly by using or dispensing the concerned Business’ Trade Confidential Information. This paperwork will be treated as a signed contract if it needs to be enforced and thus its terms must be lawful and fair. As with many contracts, it should be executed before its concerned relationship begins.

Laws – None

How to Write

1 – This Document’s Summary Introduction Requires Attention

The first section of this document will begin by giving a brief description of its contents and its purpose. The language presented will be applicable to any Business Entity seeking a Non-Compete Agreement and any Recipient willing to submit to one, however, the identity of each must be clearly defined in the first paragraph. The first available space shall accept the Name of the Business setting the rules of this agreement while the second blank space will need the Name of the Recipient supplied on it.

2 – A Listing Of The Rules Or Conditions Obligating The Recipient Must Be Solidified

Some guidelines as to how the Recipient must behave after receiving a Business’ Proprietary Information must be supplied before the time of this signing. In “2. Non-Compete/Nondisclosure,” a set of Rules has been presented in a checklist. If the contents of a statement should apply to the Recipient of this document, then make sure to check mark the box just before its label. Each paragraph label will be self-explanatory. You may select any or all the Rules (“Business Practices,” “Clients/Customers,” “General Competitor(s),” “Specific Competitor(s),” and “Employees”) that should be included in the Business’ code of conduct for the Recipient according to this agreement. Make sure to list the Legal Name of each Specific Competitor on the blank lines provided in that statement if the “Specific Competitor(s)” rule is selected to be applied to the Recipient.

3 – The Recipient’s Obligations Must Be Assigned To A Specific Time Period And Region(s)

The time period when these rules apply to the Recipient will need a strict definition involving how long they will be in place, when they will start, and how they must terminate. The next area, “3. Time Period” shall provide a method for the first two requirements to be satisfied in one fell swoop. To begin, enter the number of years and/or months these Rules can be applied to the Recipient through this contract on the available space in the first statement.Next, one of the last two statements must be check marked to attach a definitive Start Event when these Rules will become applicable to the Recipient. They may become active as of this Document’s Execution by marking the first statement or they become active when the Recipient/Business relationship terminates by marking the second checkbox statement.The Rules here can terminate with the approval of the issuing Business in one of two ways. We will discuss this in “4. Purchase Option.” If the Business will accept a Payment from the Recipient for the right to prematurely terminate his or her obligations to this contract, then mark the first statement in this section. This option will only be considered a valid method if the Payment Amount is supplied to the blank lines in this statement.If the Business issuing this agreement has determined the Rules set forth must be allowed to run their full course once they are active, then mark the second statement in “4. Purchase Option.”  The next task will be to name a specific region or territory where the Business will require the Recipient to follow the Rules defined in this contract. A blank line in the “5. Jurisdiction” statement has been supplied so this may be easily presented. You may name one or more areas. If there is not enough room then continue the Jurisdiction report on an attachment that is present at the time of signing.

4 – This Document’s Date Of Execution Must Be Proclaimed

In “13. Entire Agreement,” it will be assumed that both parties have agreed to sign this contract on s specific date and intend to follow its directives. This Execution Date must be entered as a Calendar Date, Month, and Year across the first, second, and third blank spaces presented in the last statement.

5 – The Parties Intent On Entering This Agreement Will Do So Upon The Act Of Signing

Both parties should give this document a final review to confirm that it accurately reflects what was discussed and agreed to. If satisfied, the last portion of the final page will need some attention from these entities.

The Business issuing this agreement should locate the column headed with the bold words “The Company.” Here, a Signature Representative that has been authorized to enter this entity to the terms of this agreement must sign his or her Name on the “Signature” line. After signing his or her Name the Company Representative should Print his or her Name, on the line designated as “Print Name And Title,” then record the Title he or she holds with the concerned Business.The last line, “Date,” has been supplied strictly for the Company Representative to verify the Date he or she signed this document by entering the Date on this line.The Recipient named in this agreement will need to sign the “Signature” line in the “Recipient” column.On the blank space, “Print Name,” the Recipient must present his or her full name in Print.The Calendar Date when this document was signed by the Recipient must be reported on the blank line labeled “Date” in the “Recipient” column.