Non Compete Agreement Sample Louisiana
Moreover louisiana courts will not enforce non compete agreements with geographic limitations defined in terms of distance or miles from a certain area.
Non compete agreement sample louisiana. Finally the time period for enforcing a non compete agreement is statutorily limited to two years from the date of termination. The louisiana non compete agreement template acts as a hard copy tool companies may use to document a recipients personal guarantee that he or she will not use that companys information in a way that competes with its business. A non compete agreement is a contract in which one party agrees not to start a business in the same field as another party. This free louisiana at will employment contract and non compete agreement is designed to protect sensitive proprietary and confidential information including trade secrets and business processes.
Non compete agreement create your template with a simple form. Landry iii plc in baton rouge louisiana represents employees who are entering into noncompete contracts. Louisiana law sharply restricts the use of such agreements but in the right circumstances a non compete agreement can be enforced and can protect the employers business against encroachment from competing corporations. Non competition agreements also known as covenants not to compete or restrictive covenants are employment contracts used by employers to limit the ability of an employee to compete with the employer by stealing customers or trade secrets.
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