Full dedication clause
What is a full dedication clause?
A full-time clause is a type of agreement that can be established between a company and a worker, whereby the worker agrees to provide his services exclusively for that company, renouncing the possibility of carrying out other professional activities on his own or for others. The worker receives, in exchange, an economic compensation that is paid as a salary supplement.
Essential content
Its objective is to protect the interests of the company and avoid unfair competition from the worker. It also aims to encourage the commitment, permanence and performance of the worker in the company. However, this clause also limits the worker’s right to free choice of profession or trade.
Therefore, it must meet a series of requirements to be valid and effective:
- It must be stated in writing in the employment contract or in an attached document.
- It must be expressly remunerated with a proportional amount.
- You must respect the temporal and geographical limits established by law for post-contractual non-competition agreements.
- It must allow the worker to terminate the agreement by notifying the company at least 30 days in advance, which would mean the loss of financial compensation.
Optional content
The clause may also contain provisions on advance notice in case the party wishes to engage in other engagements and how this notice should be approved or handled.
In which contracts is it usually applied?
- Eventual temporary work contract due to production circumstances
- Interim temporary employment contract
- Permanent employment contract
- Commercial partner agreement
- Annexation contract of co-founder or employee with equity
Related concepts
- Eventual temporary work contract due to production circumstances
- Interim temporary employment contract
- Permanent employment contract
- Commercial partner agreement
- Exclusivity clause
- Obligation to stay clause
- Are exclusivity clause and full dedication clause the same?
- What is financial compensation in an exclusivity clause?
- Is it legal to include an exclusivity clause in an employment contract?
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Contracts
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- Commercial partner agreement
- Convertible participatory loan
- Receipt of delivery of goods and/or services
- Annexation contract of co-founder or employee with equity
- Statutes of a Limited Liability Company without a Defined Administrative Body
- Statutes of a Limited Liability Company with Joint Administrators or co-Administrators
- Statutes of a Limited Liability Company with a Sole Administrator
- Statutes of a Limited Liability Company with a Board of Directors
- Business plan
- Customer Reference Agreement
- Investment agreement
- Distribution contract
- Computer systems maintenance contract
- Trademark use license agreement
- Agency Contract
- Corporate administration contract
- Contract of carriage of goods
- Commercial commission contract
- Contract for the assignment of patents, utility models and industrial designs
- Leasing contract
- Software Assignment Agreement
- Minutes
- Contract for the provision of business management and management services
- Contract for the trade of stakes
- Commercial order letter
- Joint Venture Agreement
- Mutual NDA or Non-Disclosure Agreement
- Unilateral NDA or Non-Disclosure Agreement
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Dudas legales
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- What does it mean to be a «partner» in a company?
- What does it mean for a company to have limited liability?
- What happens if the protection of an industrial property right is not renewed?
- Who can enter into a contract?
- Who can enter into a contract?
- When is a jurisdiction and applicable law clause valid?
- What are the differences between a relationship being labor or commercial?
- How can a contract be enforced against a third party?
- Differences between social statutes and shareholders' agreement
- What does it mean that a contract does not produce any legal effect?
- What happens if an essential clause is missing from a contract?
- What are the particularities of public-private contracting?
- Differences between an agency contract and a commission contract
- What are the differences between lease and sale?
- In the field of commercial law, what is the general interest?
- What could I do if I see that one of the parties has breached the provisions of the contract?
- What are the differences between a Limited Company and a Limited Company?
- Joint and joint and several liability, in what do they differ?
- What is the governing body in a company?
- What is the basis of collective agreements at the labor level?
- When is a dismissal considered void?
- When is a dismissal considered unfair?
- When is a dismissal considered fair?
- What limitations does the principal have on the agent?
- What is a right to repurchase shares or stakes?
- What type of purpose do trademark license assignments usually have?
- What are the modalities of a distribution contract?
- Why is competition important in commercial law?
- What is the difference between a deposit and a guarantee?
- What are the essential aspects of the object of a legal act?
- What is the difference between nullity and annullability?
- What does the expression «not be contrary to the law, morality or public order» mean?
- What are the differences between a real action and a personal action?
- What are the differences between the force majeure clause, rebus sic stantibus and excessive onerousness?
- What differences are there between the concept of force majeure and that of excessive burden?
- Consequences of not including a jurisdiction and applicable law clause in a contract
- Is copyright and intellectual property the same?
- What is the maximum duration of an exclusivity clause in Spain?
- Are exclusivity clause and full dedication clause the same?
- What is financial compensation in an exclusivity clause?
- What is the difference between a termination clause and an early termination clause?
- What is the difference between a public contract and a private one?
- What does it mean to notarize into public deed?
- Is it mandatory to have a shareholders agreement?
- What are the differences between a share and a stake?
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Glossary
- Abuse of power
- Donation
- Company
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- Startup
- Co-founder
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- Capitalization table («Cap Table»)
- Venture capital
- Pitch
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- Opinio iuris
- Ombudsman
- Public deed
- Deposit
- Collective bargaining agreement
- Social capital
- Erga omnes efficacy
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- Negotiation
- General principles of law
- Sources of law
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- Vices of consent
- Dispositive norm
- Imperative norm
- Labor law
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- Civil law
- Principle of legality
- Private Law
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- Nullity
- Atypical contract
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- Personal rights
- Debtor
- Creditor
- Real action
- Personal action
- Fortuitous event
- Excessive hardship
- Fruit
- Force majeure
- Related rights
- Employment notice period
- Bad faith
- Mens rea
- Fault
- Right of first refusal and withdrawal
- Notary
- Arbitration award
- Arbitrator
- Mediator
- Invoice
- Limited Company
- Public Limited Company
- Dividends
- Ordinary shares
- Preferred shares
- Nominees shares
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- Jurisprudence
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Clauses