What purpose does a Non Compete Agreement serve over a Non Disclosure Agreement or a Trade Secret Agreement?
From India, New Delhi
Acknowledge(0)
Amend(0)
From India, New Delhi
Acknowledge(0)Amend(0)
NDA / Service Commitment Agreement / Non-Compete Agreement
This is done by the employer to ensure that the employee will not become a competitor or disclose the trade secrets learned during employment, which hold commercial value. Generally, this agreement will be renewed every year or once every two years as desired. However, once the employee resigns from the company without breaching the agreement for a year or so, the employer has absolutely no right to interfere in their post-resignation employment or growth (Judgment by the Supreme Court).
In general, such agreements aim to enforce compliance with the rules and commitment.
Regards,
Chandru
From India, Madras
Acknowledge(0)Amend(0)
41This is done by the employer to ensure that the employee will not become a competitor or disclose the trade secrets learned during employment, which hold commercial value. Generally, this agreement will be renewed every year or once every two years as desired. However, once the employee resigns from the company without breaching the agreement for a year or so, the employer has absolutely no right to interfere in their post-resignation employment or growth (Judgment by the Supreme Court).
In general, such agreements aim to enforce compliance with the rules and commitment.
Regards,
Chandru
From India, Madras
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Confidentiality agreement.doc