Option Agreement – An agreement in which one party pays the other to have the opportunity to use an innovation, idea or product at a later date. If your employees are in contact with information that would be detrimental to your company or organization, if it was made available to the public or competitors, and if the information is not available elsewhere, you should consider using a confidentiality agreement form to quickly obtain a confidentiality agreement. This is because employees in key positions who have access to confidential information, such as a company`s business secrets, can inevitably be acquired by employees. In cases where the employee resigns, he or she somehow takes away the confidential information. A problem arises when a competitor can hire the employee and obtain the worker`s classified information, including the former employer`s clients and clients, giving the employee a lesser advantage. Another consideration may be that the employee can start his own business, which may lead him to compete with the former employer, including the theft of customers who offer them a better offer, to the detriment of the former employer. A non-complete clause or agreement is a clause or agreement by which a party, usually a worker, refuses to create or create a similar business that could run against the employer and helps protect the employer from such incidents. This simple PDF competition exemption agreement guarantees any problems that may arise in the above cases. Use this PDF for non-competitive chords and modify it to suit your preferences and conflicts. Vii. This agreement complements all previous written agreements between [the name of the company] and the beneficiary with respect to the purpose of this agreement; in the event of opposition or conflict between the determination of such agreements, the provision that constitutes greater protection of protected information is monitored. This agreement cannot be amended in full or in part, unless it is a written agreement signed by [company name] and the beneficiary.