A formal document between employer and the employee to not solicit a company’s clients or customers, for his or her own benefit.
NON-SOLICITATION AGREEMENT
A NON-SOLICITATION AGREEMENT is a contract whereby an employee agrees not to solicit a company’s clients or customers, for his or her own benefit or for the benefit of a competitor, after leaving the company. It can also include an agreement by the employee not to solicit other employees to leave when he or she quits or otherwise moves on.
ADVANTAGE OF NON-SOLICITATION AGREEMENT
- It protects businesses from having the company’s own confidential information used in a way that may harm the company.
- Avoid legal disputes
- Strengthen confidentiality
DOCUMENTS REQUIRED in NON-SOLICITATION AGREEMENT
1.Fill the Information Form
2.Provide required Documents.
FAQ
1. What is a Non-Solicitation Agreement?
A Non-Solicitation Agreement restricts an individual (usually a former employee) from soliciting either (a) employees or (b) customers of a business after leaving the business.
2. When a Non-Solicitation Agreement is used?
Non-Solicitation Agreement is especially common in service or sales businesses, particularly when the customer pool is limited.
3. What makes a Non-Solicitation Agreement enforceable?
To be enforceable, an agreement must meet these requirements: • The employer must have a valid business reason. Such a reason might include protecting a valuable customer list, protecting trade secrets or other valuable information etc. • The customer list must be worth protecting. • Employees and customers can leave voluntarily. This agreement can’t prevent a client, customer, or employee from moving to a competitor voluntarily.
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