Non-Solicitation Agreement
A non-solicitation agreement is a legal contract that prevents an employee, contractor, or business partner from soliciting the company’s employees or clients for a specific period after leaving the company. This agreement helps protect a business’s relationships with its clients and employees, preventing former employees or partners from poaching clients or staff. Non-solicitation agreements are common in industries where client relationships are valuable.
Example
An employee signs a non-solicitation agreement, preventing them from contacting or recruiting the company’s clients or staff for two years after leaving the company.
Key points
• A legal contract preventing the solicitation of a company’s employees or clients for a certain period.
• Helps protect client relationships and prevents employee poaching.
• Common in industries where relationships with clients and employees are critical to business success.