A Virginia Non-Compete Agreement is an agreement that allows a company to protect certain confidential information by ensuring that other parties do not share such information. These individuals cover employees, potential employee candidates, as well as partners within a business and contractors, hired out to carry out a certain job. Such documents need to be clear in regards to the information which is not allowed to be disclosed to a third party. After an employee or other individual sign the document, they confirm that they are in agreement with all conditions that are written down in the document. The document should also provide information about the expiration date of the document. The trigger event for the countdown is usually when an employee parts ways with the company.
If this document is not signed, it could mean that rivals and competitors gain an unfair advantage as former employers could pass on the secret information. This could prove to be problematic for a business. Therefore the document needs to be crafted with attention to detail by using a Virginia Non-Compete Agreement Template.
Haven't found the template you're looking for? Take a look at the related templates and forms below: