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 Harris Texas 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 for physicians working with a professional limited liability company (LLC) in Harris County, Texas. This comprehensive agreement aims to protect the rights and interests of both parties involved. Here is a detailed description of this agreement, including relevant keywords: 1. Introduction: The agreement begins with an introduction that clearly states the purpose and parties involved. It identifies the physician as the employee and the LLC as the employer. 2. Employment Terms: The employment terms section specifies the nature of the physician's employment, including their position, responsibilities, and the start date of employment. It may outline the working hours, on-call duties, and the compensation package, including salary, bonuses, and benefits. 3. Nondisclosure Agreement: The nondisclosure agreement, also known as a confidentiality clause, ensures that the physician will maintain the confidentiality of any confidential or proprietary information obtained during the course of employment. This may include patient-related information, trade secrets, financial data, or any other sensitive information pertaining to the LLC's business. 4. Covenant not to Compete: The covenant not to compete restricts the physician from engaging in any competitive activities during and after the agreement's termination. It may define a specified geographic area and duration for the non-compete clause, preventing the physician from providing medical services to the LLC's competitors or establishing a competing business within the defined scope. 5. Term and Termination: This section outlines the duration of the agreement, which can be a fixed term or an indefinite period, subject to renewal or termination. It also specifies the notice period required for either party to terminate the agreement and any applicable grounds for termination. 6. Governing Law and Jurisdiction: The governing law and jurisdiction clause determines which state laws will govern the agreement and the designated court or arbitration panel for resolving disputes arising from the agreement. 7. Severability: The severability clause states that if any provision of the agreement is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect. Different types of Harris Texas Employment Agreements between Physician and Professional Limited Liability Company with Nondisclosure Agreement and Covenant not to Compete may include variations in specific terms, such as compensation structures, duration of the agreement, geographic limitations within the non-compete clause, or additional clauses tailored to suit the needs of different physician specialties or specific LLC requirements. Keywords: Harris Texas, Employment Agreement, Physician, Professional Limited Liability Company, LLC, Nondisclosure Agreement, Covenant not to Compete, confidential information, trade secrets, non-compete clause, termination, governing law, jurisdiction, severability.The Harris Texas 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 for physicians working with a professional limited liability company (LLC) in Harris County, Texas. This comprehensive agreement aims to protect the rights and interests of both parties involved. Here is a detailed description of this agreement, including relevant keywords: 1. Introduction: The agreement begins with an introduction that clearly states the purpose and parties involved. It identifies the physician as the employee and the LLC as the employer. 2. Employment Terms: The employment terms section specifies the nature of the physician's employment, including their position, responsibilities, and the start date of employment. It may outline the working hours, on-call duties, and the compensation package, including salary, bonuses, and benefits. 3. Nondisclosure Agreement: The nondisclosure agreement, also known as a confidentiality clause, ensures that the physician will maintain the confidentiality of any confidential or proprietary information obtained during the course of employment. This may include patient-related information, trade secrets, financial data, or any other sensitive information pertaining to the LLC's business. 4. Covenant not to Compete: The covenant not to compete restricts the physician from engaging in any competitive activities during and after the agreement's termination. It may define a specified geographic area and duration for the non-compete clause, preventing the physician from providing medical services to the LLC's competitors or establishing a competing business within the defined scope. 5. Term and Termination: This section outlines the duration of the agreement, which can be a fixed term or an indefinite period, subject to renewal or termination. It also specifies the notice period required for either party to terminate the agreement and any applicable grounds for termination. 6. Governing Law and Jurisdiction: The governing law and jurisdiction clause determines which state laws will govern the agreement and the designated court or arbitration panel for resolving disputes arising from the agreement. 7. Severability: The severability clause states that if any provision of the agreement is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect. Different types of Harris Texas Employment Agreements between Physician and Professional Limited Liability Company with Nondisclosure Agreement and Covenant not to Compete may include variations in specific terms, such as compensation structures, duration of the agreement, geographic limitations within the non-compete clause, or additional clauses tailored to suit the needs of different physician specialties or specific LLC requirements. Keywords: Harris Texas, Employment Agreement, Physician, Professional Limited Liability Company, LLC, Nondisclosure Agreement, Covenant not to Compete, confidential information, trade secrets, non-compete clause, termination, governing law, jurisdiction, severability.
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.
