It is well known that companies employ a variety of legal measures to protect their assets and maintain a competitive edge. One of these is the use of non-solicit agreements. Since these contracts are legally binding, it’s important to have a Virginia lawyer draft, review, or edit the document.
What is a Non-Solicit?
Non-solicit agreements or non-interference agreements are legally binding documents. The agreement establishes restrictions on the individual or entity. It prevents them from soliciting a company’s customers, employees, or clients after their association with the company has ended. These agreements can be drafted as a stand-alone contract, or as part of a larger employment or partnership agreement.
These agreements are a great tool to handle a range of industries and business contacts. But they are often utilized more in sales and service-based businesses. In most cases, their goal is to prevent former employees, partners, or independent contractors from selling a company’s clients or customers. They can also prevent these individuals from stealing key suppliers or vendors.
[Related: Guide to Non-Compete Clauses]
Types of Non-Solicitation Agreements
There are several kind of non-solicit agreements. The most commonly used include:
- Employee Non-Solicitation Agreements
These are specifically designed to protect a company’s investment in its employees.
- Customer and Client Non-Solicitation Agreements
These contracts serve to protect a company’s valuable relationships with its clients and customers.
- Vendor and Supplier Non-Solicitation Agreements
These non-solicits prevent former employees from trying to divert suppliers or vendors they had contact with during their employment. It ensures suppliers will continue to engage with the company and maintain services.
Lawyer for Non-Solicitation Agreements in Virginia
If you want to protect your company, or you want to ensure your rights are protected as an employee, you need a non-solicitation agreement attorney in Virginia.
If you are in need of an attorney’s advice, please contact Cook, Craig, and Francuzenko today. Our firm has attorneys who specialize in a variety of practice areas. With over 100 years of combined experience, we are seasoned professionals ready to help you.
