Employee Non Disclosure & Non Complete Agreement India PDF

PDF Name	Employee Non Disclosure & Non Complete Agreement India
No. of Pages	6
PDF Size	0.12 MB
Language	English
PDF Category	General
Source / Credits	indiafilings.com
Uploaded By	Kumar

Employee Non Disclosure & Non Complete Agreement India - Summary

Employee non-disclosure and non-compete agreements are crucial parts of restrictive covenants in India. These agreements can create challenges for employees as they limit what individuals can do after leaving a job. Employee legal contracts are specifically designed to stop individuals from sharing any confidential information that they learned during their employment.

Understanding Employee Non Disclosure & Non Complete Agreements in India

A non-compete agreement, also known as a non-competition agreement, prevents employees from working with competitors in the same industry for a specific period after their employment ends. These agreements play a vital role in protecting the business interests of employers.

Employee Non Disclosure & Non Complete Agreement India – Features

A non-disclosure agreement remains effective even after an employee has left the company. Such agreements are commonly used to protect sensitive trade secrets. On the other hand, a non-compete agreement is only valid while the employee is still employed. According to the Indian Contract Act, any agreement that limits a person’s ability to trade can be considered null and void. Hence, a non-compete agreement that tries to take effect after employment ends isn’t enforceable. However, confidential information protected by a non-disclosure agreement is an exception to this rule. In the case of a non-compete agreement, the employee cannot start a business that harms the employer’s interests.

Non-Mutual/Unilateral NDA

A non-disclosure or secrecy agreement is usually a unilateral or non-mutual agreement between an employer and an employee. In this agreement type, one party shares confidential information, while the employee must maintain this secrecy. In contrast, a bilateral confidentiality agreement involves both parties sharing and protecting confidential information.

For more details, feel free to download the PDF on Employee Non Disclosure & Non Complete Agreement India. It’s a great way to learn more about this important topic!

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