Non-compete and Non-solicitation Agreement for Business

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Description:

Non Compete and Non Solicitation agreement for discussion of business relationship. It imposes a unilateral non-compete and non-solicitation obligation on one party. It is drafted in short and simple form to procure signing without negotiation. The Company has the key relationships with its customers, clients and / or employees and would want to ensure that its potential business partner agrees not to compete with its existing business or solicit its customers or employees before commencing / continuing any business discussions.

This is drafted in neutral form. The agreement imposes obligations on the Obligor but permits competition and solicitation in certain scenarios and the Company has the right to injunctive relief/liquidated damages/account of profits in case of breach by the Obligor.

How to use this Document?
This document comes into play when you need to restrict a business partner from competing with the Company's business and to not to solicit the clients, customers of the company. 

The time period and the geographical area for non-competition must be clearly mentioned in the template.

Both parties should sign and return a copy, and once signed, both parties should get a copy. To avoid any future disputes, both parties may wish to have their signatures witnessed.

How to Tailor the Document for Your Need?

1. Click the “Create Document” button and fill in the details of the parties. You can click the “Fill with Member’s Information” button to complete the party’s information with your personal or business information saved to your account.

2. Please fill in any additional information by following the step-by-step guide on the left-hand side of the preview document and click the “Next” button.

3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.

4. Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document. Each party should have a copy of the executed document.

Document Type:

Agreements / contracts

Category:

Business > General Business > Non-Compete / Exclusivity Agreement

 
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Author:

DocPro Legal

DocPro Legal is a team of legal professionals with a passion for making quality documents and legal contract templates widely available to the public through cutting edge technology. Our lawyers are qualified in numerous common law jurisdictions including the United Kingdom, Australia, New Zealand, India, Singapore and Hong Kong. We have experience in major law firms and international banks with expertise in business, commercial, finance, banking, litigation, family, succession and company laws.