Unlock a professionally structured Non-Compete & Severance Agreement in MS Word—completely free, fully editable, and designed to provide clarity and protection at the end of an employment relationship.
This template helps employers and employees outline termination terms, severance benefits, and post-employment restrictions with precision. Each section is ready to personalize with your company and legal details—making a complex situation easier to manage and legally sound.
What Is a Non-Compete & Severance Agreement?
A Non-Compete & Severance Agreement is a dual-purpose contract that:
- Sets severance terms (pay, benefits, etc.) following employment termination.
- Defines post-termination restrictions, including non-compete, confidentiality, and non-solicitation clauses.
It allows businesses to offer fair exit benefits while safeguarding trade secrets and client relationships, ensuring a smooth transition and clear legal boundaries.
Why Use This Template?
- Time-Saving & Ready to Edit: Download the Word file, personalize the placeholders, and you’re set—no need to build from scratch.
- Professional Presentation: Comes with a sleek cover page to give the document a polished, business-ready appearance.
- Comprehensive Clauses Included: Includes termination details, release of claims, post-employment obligations, confidentiality, severance payments, and more.
- Supports Legal Clarity: Streamlines complex terms in an understandable format—but always recommended to review with legal counsel for compliance.
How to Customize the Template
- Download the
.docx file—one click and you’re ready. - Open in MS Word and replace placeholder text:
- Employer/Employee names and addresses
- Effective and termination dates
- Specific severance amounts or benefit durations
- Geographic scope and duration of non-compete obligations
- Adjust or Edit Clauses to align with your local labor laws and company policies.
- Add Branding: Insert your logo, company colors, or design elements on the cover page.
- Review & Save: Print, export to PDF, or finalize for signing.
