[FinancialSwissArmyKnife]

Anyone have an employee NDA template?

[Kevin Henry-Seacoast]

Anyone have an employee NDA template?

You can grab one off RocketLawyer for free.

[FinancialSwissArmyKnife]

You can grab one off RocketLawyer for free.

Thank you Kevin

[Kevin Henry-Seacoast]

Thank you Kevin

My pleasure. I use the site for some personal legal docs. I did Wills for some Family members and they were easy to use and very reasonable. Legal Zoom also has some good info/docs.

[abfunders]

Be careful Eugene - an NDA for what? That they won't steal your deals? That if they leave, that they won't contact your clients? That they won't be able to submit to the same lenders/funders that you do?

And NDA is normally used for trade secrets so they don't steal ideas. MCAs aren't "ideas" that they can really steal. Perhaps you're referring to a non-compete clause? Those are also tricky.

What I though about once was to agree that there is an agreed-upon $10,000 (make up a number) training fee that I was waiving as long as the employee stays with the company, or, if he leaves, that he does not work in the "business loans" industry for a period of 12 months (you can figure out the right boundaries). Forces a bit of loyalty if that's what you're aiming at.

[FinancialSwissArmyKnife]

Be careful Eugene - an NDA for what? That they won't steal your deals? That if they leave, that they won't contact your clients? That they won't be able to submit to the same lenders/funders that you do?

And NDA is normally used for trade secrets so they don't steal ideas. MCAs aren't "ideas" that they can really steal. Perhaps you're referring to a non-compete clause? Those are also tricky.

What I though about once was to agree that there is an agreed-upon $10,000 (make up a number) training fee that I was waiving as long as the employee stays with the company, or, if he leaves, that he does not work in the "business loans" industry for a period of 12 months (you can figure out the right boundaries). Forces a bit of loyalty if that's what you're aiming at.

These are new people to the industry, more of a deterrent than anything else.

[WestCoastFunding]

My pleasure. I use the site for some personal legal docs. I did Wills for some Family members and they were easy to use and very reasonable. Legal Zoom also has some good info/docs.

Kevin did the wills of 6 of his ex-wives before they mysteriously drank propylene glycol.

[ryan $]

Kevin did the wills of 6 of his ex-wives before they mysteriously drank propylene glycol.

SMH. I inhale Propylene Glycol Daily. Im probably gonna die..... Thinking I was healthier for quitting cigarettes these past 4 years. Now all the Vaping **** is coming to a head. SMH.

[Kevin Henry-Seacoast]

Kevin did the wills of 6 of his ex-wives before they mysteriously drank propylene glycol.

Ha! I am very happily married for 19 years! Not like some in finance....that have multiple wives in their error accounts.

[DiamondBL]

Be careful Eugene - an NDA for what? That they won't steal your deals? That if they leave, that they won't contact your clients? That they won't be able to submit to the same lenders/funders that you do?

And NDA is normally used for trade secrets so they don't steal ideas. MCAs aren't "ideas" that they can really steal. Perhaps you're referring to a non-compete clause? Those are also tricky.

What I though about once was to agree that there is an agreed-upon $10,000 (make up a number) training fee that I was waiving as long as the employee stays with the company, or, if he leaves, that he does not work in the "business loans" industry for a period of 12 months (you can figure out the right boundaries). Forces a bit of loyalty if that's what you're aiming at.

a non-compete is not enforceable in all states... just in case ....

[NoBigDeal]

a non-compete is not enforceable in all states... just in case ....

Often could just be a scare tactic. Like a COJ. Especially if it's on newbie reps who've never been exposed to the industry