What is a non recruitment clause?

This type of clause is sometimes referred to as a no-raid, non-recruitment, or no-hire clause. No-raid clauses are designed to protect an employer's business interest in keeping its workforce intact even after the departure of key employees.

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Clauses Relating to Venture Nonexecutive Employees

Palm Beach Florida Clauses Relating to Venture Nonexecutive Employees

Name: Palm Beach Florida Clauses Relating to Venture Nonexecutive Employees
Brand: US Legal Forms
Rating: 4.87 (208 reviews)

Category:

Partnerships - Drafting Joint Venture Agreements

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Multi-State

County:

Palm Beach

Control #:

US-P0605-4BAM

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This sample form, containing Clauses Relating to Venture Nonexecutive Employees document, is usable for corporate/business matters. The language is easily adaptable to fit your circumstances. You must confirm compliance with applicable law in your state. Available in Word format.

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FAQ

Essentially, a non-compete agreement prohibits the employee from competing with the business directly or indirectly for a specific duration of time after their employment has ended.

This type of clause is sometimes referred to as a no-raid, non-recruitment, or no-hire clause. No-raid clauses are designed to protect an employer's business interest in keeping its workforce intact even after the departure of key employees.

What exactly is a noncompete? It's a legal contract from your current (or soon-to-be ex) employer that prevents you from going to work for a competitor or starting a competing business for a specified period of time.

In many situations, the indemnification clause survives after the person's employment ceases. Some conditions may apply. For example, the employee may be required to immediately notify the employer of any claim against him or her, or obtain the employer's consent before settling a claim.

Protection of Legitimate Business Interests The goodwill developed by an employer in terms of customer relations is an asset, so an employer may use a non-competition agreement to prevent a former employee from capitalizing on that goodwill and competing with the original employer.

If you violate a valid non-compete covenant that is in place, your former employer could pursue legal action against you. This could involve an injunction, lawsuit, or monetary penalties. You could face civil penalties and additional consequences for violating your non-compete agreement as well.

The agreement is unenforceable because it restricts competition in an unreasonably large territory. Many Non-Competes are unenforceable because they restrict competition across too broad of a territory. Non-Competes usually describe a restricted area in which the employee cannot compete.

Under California Business and Professions Code Section 16600, unless you were an owner of the business, any non-compete clause which forbids an employees who is fired or resigns from working for a competitor or starting a competing business is illegal and unenforceable.

Non-Compete Clause: Uncovering the Basics A Non-Compete Clause or Non-Compete Agreement (NCA) is a legally binding contract whereby the employee agrees not to work with a rival company or start a similar trade or profession for a specified period of time after leaving his current employer.

After expiration or termination of this agreement, employee name agrees not to compete with company name for a period of number years within a number mile radius of company name and location.

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Palm Beach Florida Clauses Relating to Venture Nonexecutive Employees

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FAQ

What does a noncompete clause do?

What is a non recruitment clause?

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