Non Compete Agreement Massachusetts Template

Specifically the agreement must be in writing signed by both the employer and employee and state the employee has the right to consult counsel.

Non compete agreement massachusetts template. The massachusetts noncompetition agreement act the act takes effect on october 1 2018 and will in most circumstances govern the use of non competition agreements for employees and independent contractors in massachusetts. The subject matter of this paperwork will be the potential misuse of shared information resulting in unfair competition. An explanation on covenants not to compete in massachusetts mass. Below is a free non compete agreement template from docracy.

A non compete agreement in the state of massachusetts is an agreement between a business and an employee that restricts their actions after their employment ends. Massachusetts employers must comply with new noncompete rules for agreements that are executed on or after oct. At the end you will immediately receive the document in word and pdf formats for freeyou can then open the word document to modify it and reuse it however you wish. Secretary of the commonwealth citizen information service fair competition law beck reed riden llp this source focuses on more than just noncompetition and includes trade.

The purpose of these agreements is to prevent the employee from divulging trade secrets and private business practices to a competitor. However you might want to quickly check our table on states that exclude non compete agreements. The massachusetts non compete agreement template behaves as a contract between a business entity who may expose its confidential information and the recipient of that information. Non compete agreements offer more protection than the nondisclosure or confidentiality agreement might but they do so for a limited period of time whereas the other two last as long as the trade secret itself lasts.

The document is written according to your responses clauses are added or removed paragraphs are customised words are changed etc. Use the form on the left to fill in the template. Non compete agreement employee rights. The new law which applies to both employees and independent contractors generally bans employment related non compete agreements in massachusetts unless they meet certain statutory requirements.

Please note that this article contains general information only so you should consult your own legal professional before making any decisions on nca contracts. A non compete agreement is a contract in which the party signing it agrees to not take certain actions that could be considered competition with the business by which they are employed or contracted with.