Document background
The Lifetime Non-Compete Agreement is utilized in exceptional circumstances where permanent protection of business interests is deemed crucial, typically in scenarios involving company founders, high-level executives, or key personnel with access to critical proprietary information. This document is particularly challenging in the Canadian legal landscape, where courts generally favor shorter, more reasonable restriction periods. The agreement must be drafted with precise consideration of Canadian federal and provincial laws, including competition law, employment standards, and common law principles regarding restraint of trade. It should include clear definitions of restricted activities, geographic scope, and substantial consideration to the restricted party. Given the perpetual nature of the restrictions, the agreement requires exceptional justification and documentation of the business necessity for such extensive protection.
