An employee non-disclosure agreement ensures that sensitive information shared with an employee remains confidential. Execution of the agreement is recommended when hiring new staff. In fact, employers will often require that applicants sign an NDA before they will even be considered for the position. If the agreement is imposed upon current employees, the employer may be legally obligated to offer them “consideration” before implementing the new terms (i.e., the employer may need to provide the employee with something of value such as a raise, additional vacation days, benefits, bonuses, etc.).
Employee Non-Compete Agreement – This agreement shall be used if an employee is to be withheld from working for themselves or any competitor for a fixed period after their employment terminates.