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In an employer-employee context, this refers to an employee being the recipient of the prohibition on competition and an employer being the protected party, who is using the non-compete agreement to protect her specific business within a specified geographic area for a specified length of time. Q: What is the purpose of a non-compete agreement?ДЄ:В A non-compete is an agreement in which one party agrees not to compete against the other party. Listed below are seven common questions people ask about these agreements. It is important to understand the differences between these two documents and how they are enforced. There are many reasons you might decide to require your employees to sign either an NDA or a non-compete.

These agreements will respect your right to keep proprietary information protected, and respect an employeeвЂ™s decision to take his or her career in a different direction.Д¬ommon NDA and non-compete agreement questions Poorly drafted or unreasonable agreements probably will be deemed unenforceable, but a well-crafted NDA or non-compete should not be. The truth is, non-compete agreementsВ and non-disclosure agreementsВ are valuable tools for business owners-not because they force people to stay with you, but because they offer legal protection over the work that makes your company different and special. The piece claims employers have come to assert ownership over their employeesвЂ™ work experience as well as their work, and that noncompete agreements in particular can keep employees вЂњstuckвЂќ at a company, because the employees fear they wonвЂ™t be able to get another job.

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A recent story in the New York TimesВ argued these documents can вЂњtake a personвЂ™s greatest professional assets-years of hard work and earned skills-and turn them into a liabilityвЂќ for employees. Lately, NDAs and non-competes have been getting a bit of a bad reputation. These documents are designed to protect proprietary information and the company itself if an employee were to leave the company to work for a competitor. Both documents, however, are restrictive covenants that limit what an employee can say or do, and (often) where they can and cannot work. Non-disclosure agreements (NDAs) and non-compete agreements, also called a non-competition agreement or covenant not to compete, have distinct purposes.