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A Non Compete Agreement for Your Business
Non compete agreements are used because businesses often must give employees and independent contractors access to confidential details about their business, such as customer contacts, pricing and marketing strategies, and strategic know-how, that were created after expending a significant amount of time and money. A nondisclosure form prevents confidential information from being distributed. When a former employee starts a competing business or goes to work for a competitor, what they learned goes with them. This is why a non compete agreement is required.
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