In Alaska, an Alaska Non-Compete Agreement is drafted for businesses that wish to contain certain information (mainly company secrets) behind closed doors. By signing this agreement with an employee, it prevents the employee from disclosing any information stipulated in the agreement. If the employee decided to go against this and for whatever reason disclose the information outlined in the agreement, they could face a legal court case.
There is however a limit on the time period for which this agreement can be considered effective. This time period should not exceed two years. This way, a company will ensure that specific information will not be disclosed to competitors. If such information can get into the hands of a competitor, it can severely damage the company that originally possessed the information.
To make your life easier and save yourself time, you can use an Alaska Non-Compete Agreement Template which has the necessary structure needed to form a successful agreement.
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