Restraint of Trade Agreement Template
R499.00 incl. VAT
Restraint of Trade Agreement Template
Restraint of trade agreements are important in protecting the proprietary interests of employers and companies alike.
A legal agreement restricting competition between an employer and employee, agent or business associate.
- Safeguards proprietary data/privileged details
- Deters former employees from becoming competitors
- Preserves business relationships
We also offer other Employment and HR Agreements – Zeelie Online
What is the purpose of a restraint of trade?
A trade restraint is a pact between an employer and an employee, or a clause in a job contract, that prevents an employee from taking up employment with a rival company or starting a business that competes with the employer, within a defined time frame and specific geographical area.
What is a restraint of trade?
An agreement that stops someone from working in a certain trade or profession is not valid. This kind of contract infringes upon an individual’s constitutional liberties.
Purchase Terms
All products have a maximum of 5 downloads, thereafter the link expires. Be sure to save your templates in a place you can find them again. Download links expire within 12 months. Our products have a zero-return policy because you obtain the intellectual property on purchase, and this is what is being sold. Our templates come with the standard terms and clauses applicable to that type of contract. It is up to the purchaser to add or delete from a template based on the circumstances and requirements of the transaction a contract or template is used for. Zeelie Online, its agents, staff and legal counsel can’t be held legally liable in any way shape or form based on the outcomes from agreements and templates purchased from our site. Legal counsel should be sought if you wish to have the contract signed in the presence of a legal representative.