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There is a fine line in the law between the legitimate interest of business owners to protect the welfare of their business and the rights of employees and competitors to earn a living.
Non-competition agreements and non-disclosure agreements straddle that line, so it’s important that any agreements be as legally sound as possible.
You can protect yourself from disputes and unfair terms by choosing to have your agreements drafted and/or reviewed by the experienced lawyers at McQuarrie.
What Is A Non-Disclosure Agreement?
A non-disclosure agreement is typically signed by two parties looking to enter into discussions about doing business together but want to protect their own interests and the details of any potential deal. The party or parties signing the agreement agree that sensitive information they may obtain will not be made available to any others.
Non-disclosure agreements are common for businesses entering into negotiations with other businesses or when business owners are looking to sell, and providing confidential business and financial information to prospective buyers.
The agreement allows the parties to share sensitive information without fear that it will end up in the hands of competitors. In this case, it may be called a mutual non-disclosure agreement.
What Is A Non-Competition Agreement
A non-competition agreement is a contract in which an employee agrees and promises not to compete with an employer in any way by providing goods or services of that employer for a specific length of time after the employment period ends. These agreements also prohibit the employee from disclosing any proprietary information or trade secrets to any other parties during, or after employment.
These contracts also include a specific amount of time during which the employee is barred from working with a competitor after their employment period ends with their employer.
Those required to sign these agreements may include employees, contractors, and consultants.
Our business law lawyers can develop non-disclosure agreements for nearly any legal arrangement, including non-competition agreements between businesses and non-compete clauses for more comprehensive employment agreements. We’re also happy to consult with you on non-disclosure guidelines to ensure that you understand everything you’re drafting or signing.
Contact one of our business law laywers at 604.581.7001 to learn more or fill out our initial consultation form to arrange a meeting.
Drafting Non-Compete & Non-Disclosure Templates
We begin by using an existing template that is the most appropriate for your specific situation and tailor it to meet your needs, saving you time and money. If your corporate business or sole proprietorship uses a standardized form for these agreements, we can add unique ‘no-compete’ clauses in a way that is consistent with employment guidelines and laws. We can also modify non-disclosure agreements to fit your circumstances, with respect to your field, role and project.
Non-Competition Agreements Between Businesses
Non-competition agreements between businesses are particularly complex, and can have major implications for your ability to keep your business or service profitable. Do not take the risk of locking yourself out of the market by signing an agreement that isn’t in your best interest. Our lawyers have the experience to develop and modify these arrangements so that your ability to expand in the future is not unreasonably constrained.
Make sure you speak to a lawyer before you sign any kind of employment agreement. These agreements are becoming more common than they were in the past, and so are clauses that could play a major role in your career. An unfair deal can make it difficult to work in your field or city of choice, so it needs to be considered carefully.
Our lawyers can help you understand all the terms of any agreement.
Call 604.581.7001 or complete our online consultation form to schedule a meeting with one of our business law lawyers today.