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Non Compete Agreement Between Companies
"I need a Non Compete Agreement Between Companies to restrict a software development company from competing with our AI products in Europe for 3 years following our acquisition of their machine learning division in January 2025."
1. Parties: Identification of the contracting companies including registered addresses and company numbers
2. Background: Context of the agreement and business relationship between the parties
3. Definitions: Key terms used throughout the agreement including Restricted Business, Territory, and Confidential Information
4. Scope of Non-Compete: Detailed description of prohibited activities and business areas covered by the restrictions
5. Duration: Time period for which the restrictions will remain in force
6. Geographic Limitations: Territorial scope of restrictions and definition of covered regions
7. Consideration: Details of the value or compensation provided in exchange for the restrictions
8. Remedies and Enforcement: Consequences of breach, including damages and injunctive relief provisions
9. General Provisions: Standard contractual provisions including governing law, jurisdiction, and entire agreement
1. Carve-outs and Exceptions: Specific exceptions to the non-compete restrictions, such as existing businesses or permitted activities
2. Non-solicitation Provisions: Additional restrictions on approaching employees, customers, or suppliers of the other party
3. Confidentiality Obligations: Provisions regarding the protection and non-disclosure of confidential information
4. Surviving Obligations: Specification of which obligations continue after termination of the agreement
1. Schedule 1 - Restricted Business Activities: Detailed list and description of specific business activities that are prohibited
2. Schedule 2 - Restricted Territories: Detailed maps or descriptions of geographic areas where restrictions apply
3. Schedule 3 - Consideration Details: Detailed breakdown of payment terms, amounts, or other consideration structure
4. Schedule 4 - Existing Business Interests: List of current business activities that are exempted from the restrictions
Authors
Business Day
Commencement Date
Competitive Business
Confidential Information
Control
Effective Date
Group
Intellectual Property Rights
Non-Compete Period
Permitted Business
Restricted Activities
Restricted Business
Restricted Territory
Subsidiaries
Term
Trade Secrets
Working Hours
Competition
Market Share
Customer
Supplier
Material Interest
Representatives
Consideration
Non-Competition
Territorial Restrictions
Duration
Consideration
Confidentiality
Non-Solicitation
Non-Dealing
Permitted Activities
Group Company Provisions
Independent Contractors
Assignment
Severability
Variation
Entire Agreement
Force Majeure
Notices
Third Party Rights
Governing Law
Jurisdiction
Remedies
Warranties
Indemnification
Termination
Survival
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