New Mexico Non-compete Agreement Template

The New Mexico Non-Compete Agreement evinces that two parties—the Company and the Recipient—have willfully and voluntarily created a contract describing their professional cooperation details. The covenant not to compete document is of utmost importance for each sensible employer as it focuses on several confidential-info provisions. By signing this document, the Recipient assures the Company that they will not reveal its business-related data to the third party without written consent.

New Mexico Non-Compete Agreement Form

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Confidential information that the Recipient claims to keep in secret usually includes technical and non-technical proprietary information such as:

  • Details about the goods the Company designs develops, manufactures, and releases
  • Methods and processes
  • Know-hows
  • Databases and customer lists (containing clients’ private info)
  • Authorship
  • Strategic business plans
  • Financial reports
  • And other data that may be used against the Company.

Apart from sharing confidential information about the Company, the Recipient is asked not to:

  • Provide similar services or produce Company-like goods while still its member
  • Engage in business activities with those individuals who are currently on the Company’s customer list
  • Partner with the other employees
  • Work for the Company’s business competitors

Each New Mexico Non-Compete Agreement contains information about its duration. In one of the sections, you should indicate a time within which the paper will remain valid. Its geographical scope should also be specified.

If the employer has learned that the recipient has revealed any confidential information described in the agreement, they must inform them immediately. If the Recipient breaches any of the provisions mentioned in the document by unauthorized use or by disclosing confidential information, they are responsible for reimbursement for all damage and detriment caused to the Company.

The Recipient is granted the right to deliver monetary funds for voiding this agreement. If the Company allows this option, a corresponding box in the document should be checked, and the amount of money has to be defined.

Once the contract has been terminated, the Company should receive all the materials provided to the Recipient and their copies.

New Mexico NCA Laws and Restrictions

NMSA 1978, §§ 24-1i-1 to 24-1i-5 govern healthcare practitioners’ NCAs signed after July 1, 2015. According to these statutes, if an agreement restricts the Recipient from providing clinical healthcare service, it is enforceable for termination, renewal of the document, or extension of the agreement or the Recipient’s employment with a party seeking to enforce the agreement.

Healthcare practitioners include:

  • Dentists
  • Osteopathic Physicians
  • Certified Nurses
  • Podiatrists
  • And some other specialists.
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Published: May 23, 2022
Jennifer M. Settles
Jennifer M. Settles
Author & Attorney
With over 25 years of experience as a business and transactional attorney, Jennifer has mastered the craft of closing highly successful deals for her clients. Through her wide-ranging expertise in commercial contracts, real estate transactions, M&A and corporate law, Jennifer secures results that are second-to-none.