The Louisiana Non-Compete Agreement form is a legal document that businesses use to help protect their proprietary information and trade secrets by restricting the ability of their employees to work in competitive ventures for a specified period within a certain geographical area after leaving the company. It serves both to safeguard the company’s interests and to clearly define the boundaries of what former employees can engage in post-employment. For individuals or businesses looking to understand or implement such agreements in Louisiana, it's crucial to fill out the form accurately and comprehensively. Click the button below to start filling out your Louisiana Non-Compete Agreement form.
The landscape of employment in Louisiana comes with its unique set of legal frameworks, especially when it concerns the navigations around the Louisiana Non-compete Agreement form. This critical document aids in defining the boundaries between protecting a business’s interests and ensuring an individual’s right to work. At its core, the form sets parameters on the limitations of where, when, and how an employee can engage in competitive practices post-termination or resignation. Louisiana's specific requirements enforce certain conditions that must be met for the agreement to be considered valid, including but not limited to, reasonable geographic and time constraints. Moreover, the enforceability of these agreements often hinges on the balance between the need to protect a business’s proprietary information and the individual’s freedom to seek employment. It is essential for both employers and employees to comprehend the implications of this agreement, as its execution and enforcement can significantly impact professional trajectories and business operations. Understanding the major aspects of the Louisiana Non-compete Agreement form is not just about legal compliance, but also about navigating the complexities of employment relationships with informed acumen.
Louisiana Non-compete Agreement Template
This Non-compete Agreement (hereinafter referred to as the "Agreement") is entered into as of ________ (the "Effective Date"), by and between __________ ("Employee") and __________ ("Employer"), collectively known as the "Parties." This Agreement is executed in accordance with the laws of the State of Louisiana, particularly under the Louisiana Revised Statutes Title 23:921, which governs the enforceability of restraint of trade agreements and specifies allowable limitations for such agreements.
WHEREAS, the Employer wishes to protect its legitimate business interests, including but not limited to its confidential information, trade secrets, customer relationships, and goodwill; and
WHEREAS, the Employee agrees not to engage in certain activities competitive with the Employer's business during and after the termination of employment, within the terms specified herein:
The Employee agrees that during the term of employment and for a period of ________ (specify duration) following termination, regardless of the cause of termination, the Employee will not directly or indirectly engage in any business that competes with the business of the Employer within ________ (specify geographical area).
The Employee shall not, during the employment and for a period of ________ (specify duration) after termination of employment, solicit or attempt to solicit any business or trade from the Employer’s clients, customers, or actively sought prospective clients with whom the Employee had material contact during the last two years of employment.
The Employee acknowledges that during the tenure of employment, the Employee will have access to and knowledge of proprietary and confidential information. Therefore, the Employee agrees to maintain the confidentiality of such information during and after termination of employment, and not to disclose said information without the express written consent of the Employer, unless required by law.
4. Return of Property
Upon termination of employment, the Employee shall return to the Employer all property, including but not limited to documents, equipment, and electronic devices, which belong to the Employer or contain proprietary or confidential information.
5. Remedies for Breach
In the event of a breach or threatened breach by the Employee of the provisions of this Agreement, the Employee acknowledges that the Employer shall be entitled to seek equitable relief, including injunction and specific performance, as a remedy for such breach. Further, the Employer may seek other remedies available under the law or in equity.
If any provision of this Agreement is held to be invalid or unenforceable, such provision shall be struck and the remaining provisions shall be enforced.
7. Entire Agreement
This Agreement constitutes the entire agreement between the Parties concerning the subject matter hereof and supersedes all prior agreements and understandings, both written and oral.
8. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of Louisiana, without regard to its conflict of laws principles.
IN WITNESS WHEREOF, the Parties have executed this Non-compete Agreement as of the Effective Date first above written.
Employee Signature: ________________________ Date: __________
Employer Signature: ________________________ Date: __________
