When hiring a new person, the company’s representatives understand they need to share confidential information. To do so in the company’s interests, the responsible people ask a potential worker to sign a Massachusetts Non-compete Agreement.
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Hereunder, you will find some more information on what a standard Massachusetts Non-compete Agreement is about:
Popular Local NCA Forms
Non-compete contracts are recognized and enforced to a varying extent by most US states, making them fairly popular among a large number of businesses. Find out more about the most popular states searched by our visitors with regards to non-compete agreements.
A Massachusetts Non-compete Agreement allows business entities to ensure that no one except trusted people have access to their trade secrets, business practices, and other confidential data. A Massachusetts Non-compete Agreement signed both by the business entity and the new employee implies that no third parties or competitors will be able to receive this confidential data from current or former workers of that particular business entity.
At the moment, there are no existing laws regulating non-compete relationships in the state of Massachusetts. This means that economic entities have more power and freedom to act on the market and establish rules of such relationships by themselves. However, this does not mean their requirements must be inadequate in any way, as they still must comply with the Massachusetts state laws.
