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Confidentiality, Non-Competition & Non-Solicitation

You know how when you go to a bar with your friend, you have an unspoken agreement to not hit on the same person? Confidentiality, Non-Competition and Non-Solicitation kind of work the same way. They take the unspoken worries off the table so nothing turns awkward later. Make sure everyone knows what's off limits.

This clause is the foundation of trust in any founding team — what's said in the room stays in the room.
Acknowledge confidentiality obligations

I acknowledge that each Cofounder agrees to hold all Confidential Information in strict confidence and not to disclose any Confidential Information to any third party without the Company's prior written consent.

Note: non-competition clauses are unenforceable in some states (like California). Check the laws where your company is registered.
How long should the non-competition obligation last after a cofounder leaves?
Non-solicitation prevents a departing cofounder from poaching the company's employees or clients after leaving.
How long should the non-solicitation obligation last after a cofounder leaves?
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