This agreement template is designed for use where two parties, either corporations or individuals, are involved in a commercial relationship and one of them wants to protect his business from competition by the other for the duration of that relationship and for some time after it terminates.
This six page document contains 10 clauses covering
- definitions
- agreement not to compete
- non-solicitation and non-hire
- indirect competition or solicitation
- compensation for non-compete covenant
- intellectual property
- choice of law and dispute resolution
- survival
- a general clause detailing notices, governing language, headings, severability and counterparts
- the scope of the agreement and right to waiver
Prepared for use where U.S. law applies, it can be adapted for use in other jurisdictions.
This contract in editable MS Word format is useful for any company looking to protect their business interests from competition by a commercial partner.
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