What is the name of your state? NY
Recruited for a position with a new company, received a package of paperwork via messenger to complete & bring in on Monday.
Included was a confidentiality agreement - which I have no problem with, standard stuff.
In reading it though, it's a bit confusing as it reads to me as a non-compete also. Below is the exact wording of the agreement.
Employee Confidentiality Agreement
(Provision of employment contract restricting employee from divulging employer’s trade secrets)
Employee agrees that any and all knowledge or information that may be obtained in the course if the employment wit respect to the conduct and details of the business and with respect to the secret processes, formulas, machinery, etc. used by the employer in manufacturing it’s products will be forever held inviolate and be concealed from any competitor and all other persons, and that he or she will not engage as employer, employee, principal, agent or otherwise, directly or indirectly, at any time in a similar business, and that he or she will not impart the knowledge acquired to anybody and that should he or she at any time leave the employ of the employer, he or she agrees not to enter into the employ or service, or otherwise act in aid of the business of a rival company or concern or individual engaged in the same or similar lines of business.
If he or she does so in violation, the employer shall be entitled to an injunction by any competent court of equity enjoining and restraining him or her and each and every other person concerned from continuance of employment, services or other acts in aid of the business of the rival company ot concern.
Nothing shall prevent him or her, upon termination of the employment, in engaging in any occupation in which the processes, formulas, and other secrets of the employer will not be directly or indirectly involved.
I mean, I don't plan on going anywhere, but obviously the time could come and I certainly don't want to have to totally change my line of work.
Does the wording in this agreement restrict me in any way (confidentiality aside, I have no problem with that.)?
Thank you in advance for taking time to read, and if appropriate, respond.
Derby Girl
Recruited for a position with a new company, received a package of paperwork via messenger to complete & bring in on Monday.
Included was a confidentiality agreement - which I have no problem with, standard stuff.
In reading it though, it's a bit confusing as it reads to me as a non-compete also. Below is the exact wording of the agreement.
Employee Confidentiality Agreement
(Provision of employment contract restricting employee from divulging employer’s trade secrets)
Employee agrees that any and all knowledge or information that may be obtained in the course if the employment wit respect to the conduct and details of the business and with respect to the secret processes, formulas, machinery, etc. used by the employer in manufacturing it’s products will be forever held inviolate and be concealed from any competitor and all other persons, and that he or she will not engage as employer, employee, principal, agent or otherwise, directly or indirectly, at any time in a similar business, and that he or she will not impart the knowledge acquired to anybody and that should he or she at any time leave the employ of the employer, he or she agrees not to enter into the employ or service, or otherwise act in aid of the business of a rival company or concern or individual engaged in the same or similar lines of business.
If he or she does so in violation, the employer shall be entitled to an injunction by any competent court of equity enjoining and restraining him or her and each and every other person concerned from continuance of employment, services or other acts in aid of the business of the rival company ot concern.
Nothing shall prevent him or her, upon termination of the employment, in engaging in any occupation in which the processes, formulas, and other secrets of the employer will not be directly or indirectly involved.
I mean, I don't plan on going anywhere, but obviously the time could come and I certainly don't want to have to totally change my line of work.
Does the wording in this agreement restrict me in any way (confidentiality aside, I have no problem with that.)?
Thank you in advance for taking time to read, and if appropriate, respond.
Derby Girl
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