Oklahoma Clauses Relating to Venture Opportunities, competition
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How to fill out Clauses Relating To Venture Opportunities, Competition?
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FAQ
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.
Section 219A provides that where an employee has executed a covenant not to compete with the employer, the employee ?shall be permitted to engage in the same business as that conducted by the former employer as long as the former employee does not directly solicit the sale of goods, services or a combination of goods ...
competition clause generally prohibits an employee from working for a competitor after employment ends, whereas an exclusivity clause prevents an employee from working for any employer during employment.
The essence of a breach of contract claim is that a party did not do what they promised to do in spite of the agreement. This could entail any number of actions, including failing to deliver supplies you purchased or failing to pay you for work you completed.
Non-competition agreements must generally be supported by valid consideration, meaning the employee must receive something of value in exchange for the promise to refrain from competition.
CHARACTERISTICS OF A CONTRACT ? Parties capable of contracting. ? Consent. ? A lawful object; can't involve illegal activity. ? Sufficient cause or consideration.
You can access the full articles from here and also bookmark this page to ensure that you can always access all the articles. Is my Oklahoma non compete agreement enforceable? The short answer is that if you are in Oklahoma the non compete agreement it is not enforceable.
15, § 219A. Noncompetition agreements: Unlawful Contracts ? Oklahoma. Prohibits noncompete contracts except those written to protect the sale of goodwill of a business, dissolution of a partnership or those that prohibit only the direct solicitation of established customers of the former employer.