Oklahoma Employee Agreement with Covenant not to Compete

State:
Multi-State
Control #:
US-OG-999
Format:
Word; 
Rich Text
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Description

This form is an employment agreement with covenant not to compete.
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  • Preview Employee Agreement with Covenant not to Compete
  • Preview Employee Agreement with Covenant not to Compete
  • Preview Employee Agreement with Covenant not to Compete
  • Preview Employee Agreement with Covenant not to Compete

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FAQ

The well-known general rule is that a covenant not to compete is only enforceable if its terms are reasonable and necessary to protect the legitimate business interests of the employer.

A restrictive covenant only designed to restrict competition in itself will not be enforceable. The restriction must also be necessary to protect an employer's confidential information, trade secrets or contacts and to prevent a former employee using these for their own, or a competitor's, unfair advantage against you.

The short answer is that if you are in Oklahoma it is not enforceable. With a couple of exceptions, Oklahoma law is clear that an individual is allowed to work in his or her chosen business or industry even if a piece of paper says otherwise.

If a non-compete clause does not exceed three months in duration, existing English law limitations on enforceability will still apply; in other words, the non-compete will be unenforceable unless shown to extend no further than is reasonably necessary to protect the employer's legitimate business interests.

No matter what's in your contract, your old employer can't stop you taking a new job unless it could lose them money. For example if you might: take customers to your new employer when you leave. start a competing business in the same local area.

A restrictive covenant will generally be enforceable between the original contracting parties as a matter of contract. There can be situations where this is not so, for example, where: The covenant is too uncertain or ambiguous to be capable of enforcement.

Covenants not to compete are frequently enforced to prevent a former employee from soliciting his or her former customers to buy competing products or services from the new employer.

California law bars covenants not to compete in nearly all circumstances.

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Oklahoma Employee Agreement with Covenant not to Compete