When two parties decide to start a working relationship in Illinois, they need to do it according to state law. When one party wants to prevent the other from sharing trade or manufacturing secrets and protect its business interests, it insists on signing a Non-Compete Agreement.
An Illinois Non-Compete Agreement guarantees that a worker won’t have any career expectations from an employer after leaving the company. By signing the non-compete agreement template, workers confirm that they won’t use any confidential information from the former employer to gain or provide leverage. With a signature, the employee shows they have no intention to use this information for personal purposes or to the company’s detriment.
As no Illinois Statutes regulate the non-compete relationships between local entities, all details regarding such relationships should be established in the agreement. To make the contract effective, both parties should have a frank and open discussion to share career and business expectations. The two parties need to agree on all essential details in the contract before signing it.
Although there are no Illinois Statutes regulating non-compete relationships between entities, the Freedom to Work Act (820 ILCS 90/Illinois Compiled Statutes) sets particular restrictions.
Popular Local NCA Forms
When the relationship between an employee and employer comes to an end, the latter may want the former to sign a non-compete, also called “covenant no to compete (CNC),” to keep their trade secrets from being being exposed to their competitors. Below are the state-level NCA forms our users research the most.
Here are some examples of what parties can and cannot do under the Illinois Non-Compete Agreement according to the Freedom to Work Act:
We provide an array of printable Illinois documents to anyone in quest of ease when filling out various paperwork in the state.