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.
Queens, New York Employment Agreement between Physician and Professional Limited Liability Company with Nondisclosure Agreement and Covenant not to Compete In Queens, New York, the employment agreement between a physician and a professional limited liability company (LLC) is a crucial legal document that outlines the terms and conditions of the working relationship. This agreement typically includes provisions regarding job responsibilities, compensation, benefits, duration, termination, as well as certain legal protections such as a nondisclosure agreement (NDA) and covenant not to compete. The Queens, New York employment agreement between a physician and an LLC ensures that both parties involved understand their rights, obligations, and responsibilities, fostering a transparent working relationship. The agreement typically covers: 1. Job Responsibilities: Outline the specific medical services the physician is expected to provide, including patient care, emergency coverage, administrative tasks, and any relevant research or teaching commitments. 2. Compensation: Detail the physician's remuneration structure, including base salary, productivity bonuses, and any other benefits such as health insurance, retirement plans, and vacation time. It should also address any considerations for overtime, on-call duties, or reimbursement for business-related expenses. 3. Duration and Termination: Specify the duration of the employment, whether it is an indefinite or fixed term agreement, along with clauses describing grounds for termination, notice periods, and any requirements for severance or post-employment benefits. 4. Nondisclosure Agreement: To protect the LLC's proprietary information, patient records, trade secrets, and other confidential data, a nondisclosure agreement may be included. This agreement ensures that the physician agrees not to disclose or misuse any confidential information obtained during employment. 5. Covenant not to Compete: This provision restricts the physician from engaging in similar medical practices within a specified geographic area and timeframe after termination of employment. This clause is designed to protect the LLC's patient base, goodwill, and competitive advantage, while allowing the physician the freedom to practice elsewhere outside the defined scope. Types of Queens, New York Employment Agreements between Physician and Professional Limited Liability Company with Nondisclosure Agreement and Covenant not to Compete: 1. Indefinite Term Employment Agreement: This agreement sets forth an ongoing employment arrangement, without a predetermined end date. It remains in effect until either party provides adequate notice of termination in accordance with the agreed-upon terms. 2. Fixed-Term Employment Agreement: This agreement establishes a specific duration of employment, such as a one-year contract. The agreement terminates automatically at the end of the specified term unless both parties mutually agree to extend or renew it. 3. Part-Time Employment Agreement: This agreement outlines a reduced work schedule for the physician, such as fewer patient hours or specific days of the week, allowing for flexibility in both practice and compensation. 4. Consulting Agreement: This type of agreement allows a physician to provide advisory or specialized services to the LLC on a contractual basis. It may specify consulting fees, project scope, and deliverables, while still incorporating NDA and non-compete clauses to protect the LLC's interests. In conclusion, the Queens, New York Employment Agreement between a Physician and a Professional Limited Liability Company with Nondisclosure Agreement and Covenant not to Compete lays the foundation for a mutually beneficial working relationship, protecting the interests of both parties involved. It is essential for all parties to thoroughly review and understand the terms before signing, seeking legal counsel if necessary.Queens, New York Employment Agreement between Physician and Professional Limited Liability Company with Nondisclosure Agreement and Covenant not to Compete In Queens, New York, the employment agreement between a physician and a professional limited liability company (LLC) is a crucial legal document that outlines the terms and conditions of the working relationship. This agreement typically includes provisions regarding job responsibilities, compensation, benefits, duration, termination, as well as certain legal protections such as a nondisclosure agreement (NDA) and covenant not to compete. The Queens, New York employment agreement between a physician and an LLC ensures that both parties involved understand their rights, obligations, and responsibilities, fostering a transparent working relationship. The agreement typically covers: 1. Job Responsibilities: Outline the specific medical services the physician is expected to provide, including patient care, emergency coverage, administrative tasks, and any relevant research or teaching commitments. 2. Compensation: Detail the physician's remuneration structure, including base salary, productivity bonuses, and any other benefits such as health insurance, retirement plans, and vacation time. It should also address any considerations for overtime, on-call duties, or reimbursement for business-related expenses. 3. Duration and Termination: Specify the duration of the employment, whether it is an indefinite or fixed term agreement, along with clauses describing grounds for termination, notice periods, and any requirements for severance or post-employment benefits. 4. Nondisclosure Agreement: To protect the LLC's proprietary information, patient records, trade secrets, and other confidential data, a nondisclosure agreement may be included. This agreement ensures that the physician agrees not to disclose or misuse any confidential information obtained during employment. 5. Covenant not to Compete: This provision restricts the physician from engaging in similar medical practices within a specified geographic area and timeframe after termination of employment. This clause is designed to protect the LLC's patient base, goodwill, and competitive advantage, while allowing the physician the freedom to practice elsewhere outside the defined scope. Types of Queens, New York Employment Agreements between Physician and Professional Limited Liability Company with Nondisclosure Agreement and Covenant not to Compete: 1. Indefinite Term Employment Agreement: This agreement sets forth an ongoing employment arrangement, without a predetermined end date. It remains in effect until either party provides adequate notice of termination in accordance with the agreed-upon terms. 2. Fixed-Term Employment Agreement: This agreement establishes a specific duration of employment, such as a one-year contract. The agreement terminates automatically at the end of the specified term unless both parties mutually agree to extend or renew it. 3. Part-Time Employment Agreement: This agreement outlines a reduced work schedule for the physician, such as fewer patient hours or specific days of the week, allowing for flexibility in both practice and compensation. 4. Consulting Agreement: This type of agreement allows a physician to provide advisory or specialized services to the LLC on a contractual basis. It may specify consulting fees, project scope, and deliverables, while still incorporating NDA and non-compete clauses to protect the LLC's interests. In conclusion, the Queens, New York Employment Agreement between a Physician and a Professional Limited Liability Company with Nondisclosure Agreement and Covenant not to Compete lays the foundation for a mutually beneficial working relationship, protecting the interests of both parties involved. It is essential for all parties to thoroughly review and understand the terms before signing, seeking legal counsel if necessary.
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.
