All Countries
Employment
Compensation For Non Compete Agreement

Compensation For Non Compete Agreement Template for Denmark

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Compensation For Non Compete Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Compensation For Non Compete Agreement

Celebrated by
Collaborations with
Investors
Document background
The Compensation For Non Compete Agreement is a crucial document used in Danish employment relationships when an employer wishes to restrict an employee's ability to work for competitors or establish competing businesses after employment termination. This document is essential for protecting company interests while ensuring fair treatment of employees under Danish law. It must comply with the Danish Act on Employment Clauses, which mandates specific compensation levels (minimum 40-60% of salary) and maximum duration (12 months) for non-compete restrictions. The agreement is typically implemented for key employees with access to sensitive information, important client relationships, or specialized knowledge. It includes detailed provisions on restricted activities, geographic scope, compensation structure, and notification requirements. This document is particularly important in today's competitive business environment where employee mobility and protection of trade secrets are critical concerns.
Suggested Sections

1. Parties: Identification of the employer and employee, including full legal names, addresses, and any relevant registration numbers

2. Background: Context of the agreement, including the employee's position and reason for the non-compete provisions

3. Definitions: Key terms used in the agreement, particularly defining competitive activities, competitors, and restricted territory

4. Scope of Non-Compete Obligations: Detailed description of prohibited activities, industries, and geographic limitations

5. Duration: Time period for which the non-compete obligations will apply (maximum 12 months under Danish law)

6. Compensation: Details of the mandatory compensation (minimum 40% or 60% of salary) and payment schedule

7. Early Termination: Conditions under which the agreement may be terminated early by either party

8. Breach and Remedies: Consequences of breaching the agreement and available legal remedies

9. Notification Requirements: Employee's obligations to notify the employer about new employment opportunities

10. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction for disputes

Optional Sections

1. Garden Leave: Provisions for paid leave during notice period, used when immediate cessation of work is desired

2. Non-Solicitation: Additional restrictions on soliciting customers or employees, if not covered by separate agreement

3. Confidentiality: Additional confidentiality provisions, if not covered by separate agreement

4. Training Compensation: Provisions regarding specialized training costs if relevant to the non-compete obligations

5. International Scope: Additional provisions for employees working across multiple jurisdictions

Suggested Schedules

1. Schedule 1 - Compensation Calculation: Detailed breakdown of salary components included in non-compete compensation calculation

2. Schedule 2 - Restricted Companies: List of specific competitors or companies covered by the non-compete restrictions

3. Schedule 3 - Restricted Territory: Detailed description or maps of geographic areas covered by restrictions

4. Appendix A - Employee's Current Position and Duties: Detailed description of current role to clarify scope of restrictions

5. Appendix B - Notification Form: Template for employee to use when notifying employer about new employment opportunities

Authors

Linkedin in social icon imageX social icon image
Relevant legal definitions
Agreement
Competitive Activity
Compensation
Competing Business
Confidential Information
Effective Date
Employment Agreement
Group Company
Intellectual Property
Notice Period
Parent Company
Parties
Reference Salary
Restricted Area
Restricted Period
Restricted Products
Restricted Services
Restriction Date
Subsidiary
Trade Secrets
Termination Date
Monthly Salary
Business Day
Customer
Key Customer
Market Area
Professional Contact
Relevant Business
Restricted Employee
Business Interests
Relevant Industries
Relevant Teams
Relevant Roles
Industries
Danish Act on Employment Clauses (Ansættelsesklausulloven): Primary legislation governing non-compete agreements in Denmark. Sets out requirements for validity, including mandatory compensation requirements and maximum duration of non-compete obligations.
Danish Contracts Act (Aftaleloven): Provides the general framework for contract formation and validity, including rules about unfair contract terms which may affect non-compete provisions.
Danish Salaried Employees Act (Funktionærloven): Establishes basic employment rights and obligations for salaried employees, which must be considered alongside non-compete restrictions.
Danish Marketing Practices Act (Markedsføringsloven): Contains provisions about trade secrets and unfair competition, which are relevant to the scope and enforcement of non-compete agreements.
General Data Protection Regulation (GDPR): Regulates the processing of personal data, which is relevant for the handling of employee information in the non-compete agreement.
Danish Administration of Justice Act (Retsplejeloven): Contains provisions regarding the enforcement of non-compete agreements and potential interim remedies in case of breach.
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Deferred Compensation Agreement

find out more

Bonus Agreement

find out more

Transaction Bonus Agreement

find out more

Executive Retention Bonus Agreement

find out more

Incentive Bonus Agreement

find out more

Severance Payment Agreement

find out more

Compensation For Non Compete Agreement

find out more

Employee Retention Bonus Agreement

find out more

Hiring Bonus Agreement

find out more

Commission Pay Agreement

find out more

Deferred Salary Agreement

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.