How to Get Started on a Non-Compete Agreement in Dallas, Texas
Whether you’re setting up a small business or running a major corporation, protecting confidential information is essential to your success2 min read
Whether you’re setting up a small business or running a major corporation, protecting confidential information is essential to your success. This is why companies — especially in competitive industries — use non-compete agreements to protect their secrets.
But how do you go about setting up a non-compete agreement in Dallas, Texas? And do you need an attorney to help you? Read on to find out how to get started on a non-compete agreement in Dallas.
What’s a Non-Compete Agreement?
A non-compete agreement — which is also known as a restrictive covenant or covenant non-compete — is a contract between two parties in which one agrees not to compete with the other. Generally, these types of contracts are used to protect a company’s confidential information or proprietary technology.
In some cases, they are also used to protect a company’s customer base from competitors poaching their customers. This can be particularly helpful if the company has put a lot of time, effort, and money into marketing and advertising its products or services.
Are Non-Compete Agreements Legal in Texas?
Yes, non-compete agreements are legal in the state of Texas, so long as they meet certain criteria. In Texas, a non-compete agreement is considered valid and enforceable only if it is:
• Necessary to protect a legitimate business interest.
• Limited to a geographic area that is considered reasonable.
• Limited to a duration of time that is considered reasonable.
It’s also important to note that non-compete agreements can’t prevent someone from collecting unemployment benefits.
Do I Need an Attorney to Create a Non-Compete Agreement in Dallas, TX?
Ideally, yes. It’s best to work with an experienced attorney who is knowledgeable about the laws in Texas and who has experience drafting non-compete agreements.
An attorney can help you create a non-compete agreement that meets all the requirements of Texas state law and is tailored to your specific needs. This means that you can rest assured that your agreement will be valid and enforceable in a court of law.
The bottomline
Non-compete agreements are a great tool for protecting a company’s confidential information and proprietary technology. An attorney can help you create a non-compete agreement that is tailored to your specific needs and is legally enforceable in the state of Texas.
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