A non-disclosure agreement is a legally binding contract between two or more persons, in which a person or business promises to treat specific information as a trade secret and not disclose it to others without proper authorization. A non-disclosure agreement is also known as a confidentiality agreement, confidential disclosure agreement, proprietary information agreement, or secrecy agreement.
A covenant not to compete refers to an agreement to ensure that an employee will not compete against an employer or former employer. By this an employee agrees not to pursue a similar profession or trade in competition against the employer. Restrictions to prevent competition by a former employee are held valid when they are reasonable and necessary to protect the interests of the employer. Courts will closely examine covenants not to compete signed by individuals in order to make sure that they are not unreasonable as to time or geographical area. Courts may also look to public welfare. An agreement between a doctor and a clinic that if the doctor leaves the employ of the clinic, he will not practice within the city in which the clinic is located for the next five years may be held to be invalid if the city needed more than one doctor (assuming there was just one).
A limited liability company (LLC) is a separate legal entity that can conduct business just like a corporation with many of the advantages of a partnership. It is taxed as a partnership. Its owners are called members and receive income from the LLC just as a partner would. There is no tax on the LLC entity itself. The members are not personally liable for the debts and obligations of the entity like partners would be. Basically, an LLC combines the tax advantages of a partnership with the limited liability feature of a corporation.
An LLC is formed by filing articles of organization with the secretary of state in the same type manner that articles of incorporation are filed. The articles must contain the name, purpose, duration, registered agent, and principle office of the LLC. The name of the LLC must contain the words limited liability company or LLC. An LLC is a separate legal entity like a corporation.
A Professional Limited Liability Company (PLLC or P.L.L.C.) is a limited liability company organized for the purpose of providing professional services.
The Virginia Employment Agreement between Physician and Professional Limited Liability Company with Nondisclosure Agreement and Covenant not to Compete is a legally binding document that outlines the terms and conditions of employment between a physician and a professional limited liability company (LLC) based in the state of Virginia. This agreement is designed to protect both parties involved and ensure a professional and confidential working relationship. Keywords: Virginia, Employment Agreement, Physician, Professional Limited Liability Company, Nondisclosure Agreement, Covenant not to Compete. There may be variations of the Virginia Employment Agreement between Physician and LLC with Nondisclosure Agreement and Covenant not to Compete, depending on specific circumstances. Here are a few examples: 1. Full-Time Employment Agreement: This type of agreement is applicable when the physician is employed by the LLC on a full-time basis, with specific working hours and responsibilities. 2. Part-Time Employment Agreement: If the physician's employment with the LLC is on a part-time basis, this agreement outlines the agreed-upon schedule and duties, as well as the restrictions regarding non-competition and confidentiality. 3. Independent Contractor Agreement: In certain cases, a physician may work as an independent contractor for an LLC. This agreement specifies the terms and conditions for the contractor's services, while still including provisions for non-competition and confidentiality. 4. Non-Compete Agreement Extension: If the initial employment agreement expires or a physician continues to work with the LLC beyond the initial term, an extension agreement may be created to renew the non-competition and confidentiality provisions. 5. Specialized Practice Agreement: This type of agreement is used when the physician specializes in a particular field, such as dermatology or cardiology. It may contain additional clauses specific to the nature of the practice and areas of expertise. In all variations of the Virginia Employment Agreement between Physician and LLC with Nondisclosure Agreement and Covenant not to Compete, the core purpose remains the same — to establish a comprehensive employment arrangement that protects the interests of both the physician and the LLC. It clearly defines the terms of employment, duties, compensation, confidentiality obligations, and restrictions on competition during and after the employment period.The Virginia Employment Agreement between Physician and Professional Limited Liability Company with Nondisclosure Agreement and Covenant not to Compete is a legally binding document that outlines the terms and conditions of employment between a physician and a professional limited liability company (LLC) based in the state of Virginia. This agreement is designed to protect both parties involved and ensure a professional and confidential working relationship. Keywords: Virginia, Employment Agreement, Physician, Professional Limited Liability Company, Nondisclosure Agreement, Covenant not to Compete. There may be variations of the Virginia Employment Agreement between Physician and LLC with Nondisclosure Agreement and Covenant not to Compete, depending on specific circumstances. Here are a few examples: 1. Full-Time Employment Agreement: This type of agreement is applicable when the physician is employed by the LLC on a full-time basis, with specific working hours and responsibilities. 2. Part-Time Employment Agreement: If the physician's employment with the LLC is on a part-time basis, this agreement outlines the agreed-upon schedule and duties, as well as the restrictions regarding non-competition and confidentiality. 3. Independent Contractor Agreement: In certain cases, a physician may work as an independent contractor for an LLC. This agreement specifies the terms and conditions for the contractor's services, while still including provisions for non-competition and confidentiality. 4. Non-Compete Agreement Extension: If the initial employment agreement expires or a physician continues to work with the LLC beyond the initial term, an extension agreement may be created to renew the non-competition and confidentiality provisions. 5. Specialized Practice Agreement: This type of agreement is used when the physician specializes in a particular field, such as dermatology or cardiology. It may contain additional clauses specific to the nature of the practice and areas of expertise. In all variations of the Virginia Employment Agreement between Physician and LLC with Nondisclosure Agreement and Covenant not to Compete, the core purpose remains the same — to establish a comprehensive employment arrangement that protects the interests of both the physician and the LLC. It clearly defines the terms of employment, duties, compensation, confidentiality obligations, and restrictions on competition during and after the employment period.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
