Non-Compete Agreements: A Complete Overview
Contracts are your business' biggest safety net: they protect your interests, your trade secrets, your responsibilities, and countless other important factors. The exact type of contracts you need may vary slightly depending on your industry, but there are several basic contracts that can benefit practically every type of business. We explored a few of them in our previous blog titled 5 Example Contracts Your Business May Need . This week, our Lake of the Ozarks law firm is here to delve a little bit deeper into one of these specific contracts: non-compete agreements. What Is A Non-Compete Agreement? A non-compete agreement is a contract some employers ask their new hires to sign before beginning work. Though they are often signed at the same time, non-compete agreements are distinct from confidentiality agreements and it is important to understand the distinction between the two. Confidentiality agreements ensure that employees will not reveal the company's private ...