Employers, ensure that each departing employee signs this Business Protection Agreement upon their termination or resignation.
The Agreement includes the following clauses:
- Confidentiality provision - the employee agrees not to disclose any of the employer's confidential business information,
- Non-competition provision - the employee will not engage in a business that competes with the employer's business for a specified period of time following their termination,
- Non-solicitation provision - the employee agrees not to solicit any of the employer's staff or customers, in order to induce them to leave.
This Business Protection Agreement for Departing Employee template is available as a fully customizable MS Word template.
BUSINESS PROTECTION AGREEMENT TO: FROM: DATE: I agree and promise as follows: A. I will not at any time during or after my employment disclose any of your confidential business information to any third party without your prior approval, and I will return all copies of your confidential business information in my possession to you after I stop working for you for any reason. (Confidential business information will include but shall not be limited to company trade secrets, the names and addresses of your clients and any client related information, all company financial related information, all pricing information, all sales and marketing strategies, all product information, and all company standard forms or standard documents. Confidential business information will not include information the company makes available to the public.) B. I will not directly or indirectly compete with you or offer or provide any competitive services or products anywhere in the following territory at any time while I am working for you: [territory]; and for ____ weeks after I stop working for you for any reason. C. I will not refer any of your clients to any of your competitors at any time while I am working for you and for ____ weeks after I stop working for you for any reason. D. I will not suggest to any of your clients or attempt to
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