Q:

What is a non-solicitation agreement?

A:

Quick Answer

A non-solicitation agreement is a type of business contract. These agreements are often used by companies to prevent former employees from soliciting business from current customers and employees.

Know More
What is a non-solicitation agreement?
Credit: Ivan Solis E+ Getty Images

Full Answer

Companies may ask managers and other professionals to sign non-solicitation agreements to ensure that the employee does not use customer lists for his own benefit upon leaving the company. The non-solicitation agreement may be presented as part of an employment contract or as a standalone contract. The employer may request a non-solicitation agreement at any time during the course of employment. Non-solicitation agreements are difficult to enforce and are not legally binding in California.


Is this answer helpful?

Similar Questions

  • Q:

    What is a "toll manufacturing agreement"?

    A:

    Toll manufacturing occurs when one company processes goods or raw materials on behalf of another company through an agreement, according to BusinessDictionary. Toll manufacturing is also known as toll processing.

    Full Answer >
    Filed Under:
  • Q:

    What are examples of non-programmed decision making?

    A:

    Problems that lack clear definition or structure require non-programmed decision making, and examples of strategies that fit that definition include brainstorming, nominal groups, quality circles, heuristic choices and the Delphi technique. Many organizations run into serious difficulties when they encounter their first problem that is not formulaic in nature, and failure to respond in the proper way to those new problems is one of the hallmarks of an organization in major trouble.

    Full Answer >
    Filed Under:
  • Q:

    What is the difference between a constant growth & a non-constant growth dividend model?

    A:

    The difference between a constant growth model and a non constant growth model resides in the consideration of the firm's risk. Non-constant growth model directly considers the risk as reflected in beta in determining the required return. The constant growth model does not look at risk. It uses the market price as a reflection of the expected risk-return preference of investors in the market.

    Full Answer >
    Filed Under:
  • Q:

    What is child solicitation?

    A:

    Child solicitation in the United States is the crime of "soliciting" or luring, or attempting to lure, regardless of the outcome, a child into sexual activity with an adult. The definition of a "child" with regard to this offense will vary somewhat between states according to differing ages of consent.

    Full Answer >
    Filed Under:

Explore