Employee Non Disclosure & Non Complete Agreement India PDF
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Restrictive covenants include employee non-disclosure and non-compete agreements. These agreements are unfavorable because they limit the actions of the employees. Employee legal contracts forbid employees from disclosing any confidential information shared with them during their time on the job.
A non-compete or non-competition agreement prohibits employees from working in the same industry as the employer for a certain amount of time after their employment ends. These agreements are made to protect the employer’s business interests.
Employee Non Disclosure & Non Complete Agreement India – Features
A non-disclosure agreement remains in effect after an employee’s employment has ended. It is frequently carried out between parties to protect trade secrets. A non-compete agreement, on the other hand, is only valid for the period of employment. Under the Indian Contract Act, any agreement that restricts trade is null and void. As a result, any non-compete agreement signed with the employee and set to take effect after the termination of employment is null and void. The Indian Contract Act exempts confidential information kept under a non-disclosure agreement. In a non-compete agreement, the employee is not allowed to run a business that is harmful to the employer.
Non-Mutual/Unilateral NDA
A non-disclosure or secrecy agreement is a sort of unilateral or non-mutual agreement between the employer and the employee. One party shares confidential information with the other in a unilateral agreement. Employees are required to fulfill a unilateral commitment. Both parties share confidential information under a bilateral confidentiality agreement.
