Waiver and Release of Non-Compete Obligations | Practical Law

Waiver and Release of Non-Compete Obligations | Practical Law

A sample agreement to be used by an employer when waiving or modifying an employee's or a former employee's non-compete or non-solicitation obligations to allow the individual to work for a competitor, start a new business enterprise, or engage in other post-employment business activities. This Standard Document can be used as a stand-alone agreement or an addendum to an existing agreement, or incorporated into a general release, separation, or severance agreement. It includes important drafting notes about the laws governing the enforceability of non-competes and other practical considerations. This Document is jurisdiction neutral but is useful to individuals and employers in all jurisdictions. For more on state requirements, see Non-Compete Laws: State Q&A Tool and State Restrictive Covenants Toolkit. For a 50-state comparison of non-compete laws and requirements, see Quick Compare Chart: State Non-Compete Laws.

Waiver and Release of Non-Compete Obligations

Practical Law Standard Document w-013-0332 (Approx. 13 pages)

Waiver and Release of Non-Compete Obligations

by Practical Law Labor & Employment
MaintainedUSA (National/Federal)
A sample agreement to be used by an employer when waiving or modifying an employee's or a former employee's non-compete or non-solicitation obligations to allow the individual to work for a competitor, start a new business enterprise, or engage in other post-employment business activities. This Standard Document can be used as a stand-alone agreement or an addendum to an existing agreement, or incorporated into a general release, separation, or severance agreement. It includes important drafting notes about the laws governing the enforceability of non-competes and other practical considerations. This Document is jurisdiction neutral but is useful to individuals and employers in all jurisdictions. For more on state requirements, see Non-Compete Laws: State Q&A Tool and State Restrictive Covenants Toolkit. For a 50-state comparison of non-compete laws and requirements, see Quick Compare Chart: State Non-Compete Laws.