How to properly void a no compete contract?
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How to properly void a no compete contract?
Is both partys in a no compete contract agree
to void a contract, what has to be done to make
sure it is now legally unenforceable?
Asked on May 12, 2018 under Employment Labor Law, Illinois
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 5 years ago | Contributor
A simple agreement signed by both parties, stating that "for good and valuable consideration, receipt of which is hereby acknowledged, the parties agree to void the non-competition agreement dated [INSERT DATE]"--or words to that effect; customize the exact verbiage to the facts in this case--would suffice. Both parties should keep a signed copy of the revocation.
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