Free Restraint Of Trade Agreement Template South Africa

The Geographical Areas That The Restraint Is Applicable To;

These clauses are designed to protect the interests of employers by restricting employees from engaging in certain activities after leaving their employment. An employer may include a restraint of trade clause (“restraint”) in its contract of employment in order to protect its intellectual property, trade secrets, reputation and good will by limiting the employee from exercising his/her trade, profession or engaging in the same business venture within a certain period of time. They are also free to conclude legally binding contracts, such as a restraint of trade, of their own free will.

A Restraint Of Trade Is An Agreement Usually Between An Employer And An Employee, And In Certain Instances, May Be Contained In Shareholder Agreements And Be Binding On Shareholders.

Use a restraint of trade agreement template south africa [microsoft doc.] to prevent an employee, agent or business associate from conducting competitive business activities. The template restraint of trade can be printed onto two pages. Individuals should be free to sell their skills and to practice their trade in the market to make a living.

Web Restraint Imposed In Terms Of This Contract Is Reasonable In Its Duration, Area And Scope Of Operation, And Is Necessary For The Protection Of The Proprietary Interests Of The Company, Its Suppliers And Its Customers.

Former south african employees who entered into a restraint. Web written by heidi barter. Download this employee restraint of trade template and make it your own.

Recourse In The Event Of Default.

Web the restraint of trade undertaking consists of: In a recent case, the court had to determine if a business was to be sold, if an. What the law says about restraint of trade in south africa.

The Period Of The Restraint;

What does the document look like? The activities that fall under the restraint; Web a restraint of trade is an agreement between an employer and an employee, or a provision in an employment contract that restricts an employee from being employed by a competitor of the employer, or establishing a business in competition with the employer following termination of employment.