Restraint of Trade Policy
$27.00 +GST
Restraint of Trade Policy
An employee or contractor agrees to not provide or arrange any similar services to any client within a certain amount of distance and for a period of time after termination of their employment – or while employed/engaged with your business.
You can’t reasonably stop someone from earning a living, but you can take steps toward allowing them to set up in direct competition with you or provide professional guidance to a business that competes with yours.
This is a template document that you can personalise for the specific requirements for your business. As it is a policy it must be company-wide.
Individual restraints need to be included in individual employment agreements. Please let us know if you need additional consulting assistance in this area of restraint, solicitation and IP protection.
You must of course gain agreement to this policy before engaging the employee or service provider.
