One way Non Compete and Non Solicitation agreement for discussion of business relationship. It imposes a unilateral non-compete and non-solicitation obligation on one party. This is drafted in short and simple form to procure signing without negotiation. This agreement impose strict obligations on the Obligor.
The Company has the key relationships with its customers, clients and / or employees and would want to ensure its potential business partner agrees non to compete with its existing business or solicit its customers or employees before commencing / continuing any business discussions. The Company may apply for injunctive relief, liquidated damages and/or profits received in the event of a breach of the Agreement by the Obligor.
How to use this Document?
This document comes into play when you need to restrict business partner from competing with the Company's business and from soliciting 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.
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.
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