At Duncan, Linton LLP, our work lawyers have reviewed, designed, defended and challenged restrictive agreements and confidentiality agreements for employers and employees in a wide range of sectors. As the oldest independent law firm in Waterloo, we have the expertise and ability to help our clients protect their interests. Employers who wish to include non-compete agreements, non-incentive agreements or confidentiality agreements in their employment contracts should be advised by a labour professional with significant experience in restrictive agreements and confidentiality agreements. Obtaining legal advice increases the likelihood that a restrictive pact will be implemented and can reduce the risk of protecting an employer`s business. Confidentiality agreements and non-competition agreements are the two legal instruments that are considered restrictive agreements that limit what a person can say or do in certain scenarios. Restrictive agreements are designed to prevent an employee or person linked to a company from passing certain information about that company to its competitors, or from leaving the company and entering into activities in direct competition with that company. The non-compete agreement generally prevents a worker from setting up a similar business within a certain distance from the company and within a specified period of time in relation to the separation of the worker from the company. For example, a company could prevent an employee from starting his own business within 25 miles of his site for a year. If you are an employer or worker dealing with a problem arising from a restrictive agreement or confidentiality agreement, you should seek early advice from a competent labour law professional. These are complex issues that often require urgent action in the very short term. Parties may also consider signing a non-disclosure and non-competition agreement. Like non-dislisure agreements, non-competition agreements are seen as a restrictive agreement that limits one person`s competitiveness with the other party.
In other words, a non-compete clause prevents a company, individual or employee from disclosing essential information to competitors (or from conducting competing transactions (direct or indirect) or from making transactions with comeptitors. Just as confidentiality agreements are intended to avoid financial harm to the public party, non-competition agreements are developed to prevent the recipient from setting up its own business, which will compete with the activities of the public party. To learn more about labout Law`s UAE competition bans, please click here. Therefore, given the premises, agreements and mutual agreements in this area and other good and valuable counterparties whose sufficiency is heresy, that the company and staff (together “the parties”) hereest agree: the most critical difference between these two types of agreements is their function.