A North Dakota Non-Compete Agreement ensures that any company registered in the state of North Dakota can write up the document in order to safeguard a business. It safeguards the business by ensuring any company secrets or other sensitive information is kept undisclosed, usually for a predetermined amount of time. Such information has the possibility to destroy a company if such information is exposed.
The document can be signed between an employer and a (potential) employee as well as a private contractor. All of these individuals may require access to confidential information so in order to make sure that no information is passed on, you should sign a Non-Compete Agreement form.
If conditions outlined in the document are breached, the business reserves all rights to send the case to court where in the event that the employee is found guilty, they would have to make a payout to the business. To make sure that this protection is in place, we recommend filling in a North Dakota Non-Compete Agreement Template which should then be signed by and given to all involved parties.
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