The employee desires to be employed by the company in a capacity in which he/she may receive, contribute, or develop confidential and proprietary information. Such information is important to the future of the company and the company expects the employee to keep secret such proprietary and confidential information and not to compete with the company during his/her employment and for a reasonable period after employment.
Wisconsin Employee Confidentiality and Unfair Competition Noncom petitionon - Agreement is a legal document that outlines the terms and conditions between an employer and employee regarding the protection of confidential information and prevention of unfair competition. This agreement is specifically designed to be enforceable under Wisconsin law. Keywords: 1. Employee confidentiality: This agreement ensures that the employee maintains the confidentiality of sensitive and proprietary information belonging to the employer. It includes trade secrets, customer lists, financial data, marketing strategies, and any other confidential information that may give the employer a competitive advantage. 2. Unfair competition: The agreement prohibits the employee from engaging in any activities that might harm the employer's business or create unfair competition. This may include soliciting clients or employees, starting a similar business, or disclosing trade secrets to competitors. 3. Noncom petition: Noncom petition clause refers to a specific provision within the agreement that restricts the employee from working for a competitor or within a specific geographical location for a certain period after termination of employment. This clause seeks to protect the employer's business interests and goodwill. 4. Types of noncom petition agreements: There can be different types of noncom petition agreements, depending on the specific needs of the employer and the nature of the employment. Some agreements may impose broad restrictions, including noncom petition across multiple industries or regions, while others may have narrower restrictions that focus on preventing direct competition within a limited scope. 5. Enforceability under Wisconsin law: This agreement should comply with the laws of the state of Wisconsin to be legally enforceable. Wisconsin courts generally uphold noncom petition agreements if they are reasonable in scope, duration, and geographic restrictions, and if they protect the employer's legitimate business interests. 6. Consideration: For the agreement to be legally binding, both parties must provide some kind of consideration. This can be in the form of initial or continued employment, a promotion, or additional compensation, ensuring that both parties receive something of value in exchange for agreeing to the terms of the agreement. 7. Severability: The agreement should include a severability clause, which states that if any provision is found to be unenforceable, it will not invalidate the rest of the agreement. This allows the remaining provisions to remain in effect and be enforceable. In summary, Wisconsin Employee Confidentiality and Unfair Competition Noncom petitionon - Agreement is a legal document used to protect a company's confidential information and prevent unfair competition. It includes provisions related to employee confidentiality, noncom petition, and unfair competition. Different types of noncom petition agreements can vary in their scope, duration, and geographic restrictions, and the agreement must comply with Wisconsin law to be enforceable.
