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Employee Covenant Agreement
"I need an Employee Covenant Agreement for a senior software engineer joining our fintech startup in March 2025, with strong IP protection clauses and non-compete provisions suitable for enforcement in New York state."
1. Parties: Identification of the employer and employee entering into the agreement
2. Background: Context of the agreement and employment relationship
3. Definitions: Key terms used throughout the agreement including Confidential Information, Intellectual Property, etc.
4. Confidentiality Obligations: Employee's obligations regarding confidential information and trade secrets
5. Intellectual Property Rights: Assignment of IP created during employment and related obligations
6. Return of Company Property: Obligations regarding return of company materials and information
7. Term and Termination: Duration of obligations and conditions for termination
8. Governing Law: Jurisdiction and applicable law
1. Non-Compete Provisions: Restrictions on post-employment competition - include only when permitted by state law and necessary to protect legitimate business interests
2. Non-Solicitation Provisions: Restrictions on soliciting employees or customers - include when protecting customer relationships or workforce stability is crucial
3. Garden Leave: Paid leave during notice period with restricted activities - include for senior employees with sensitive information access
4. Dispute Resolution: Procedures for resolving disputes including arbitration - include when alternative dispute resolution is preferred over litigation
1. Schedule A - Excluded Inventions: List of pre-existing inventions owned by employee
2. Schedule B - Restricted Territory: Geographic scope of non-compete restrictions
3. Schedule C - Competitors List: Specific companies or entities considered competitors - include when non-compete is limited to specific competitors
4. Schedule D - Consideration Details: Specific consideration provided for restrictive covenants - include when additional consideration beyond employment is provided
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