oboloo Glossary

Non-Solicitation Agreement

oboloo Glossary

Non-Solicitation Agreement

A Non-Solicitation Agreement is a legally binding contract between two parties in which one party agrees not to solicit the other party’s customers, employees or clients. Such agreements are usually used when one party is concerned that the other may try to poach their clients or employees. The agreement can be tailored to meet specific needs, such as limiting solicitation to a certain geographic area, type of business relationship, or period of time. It’s important to note that while a Non-Solicitation Agreement provides some legal protection, it does not completely prevent the soliciting of clients or employees.