Non Compete Agreement Between Companies Template for Nigeria

1. Non-Solicitation: Additional restrictions on soliciting employees, customers, or suppliers - used when these specific protections are needed

2. Assignment: Provisions regarding the ability to transfer rights under the agreement - included when assignment rights are important to either party

3. Corporate Group Coverage: Extends obligations to affiliated companies - used when parties are part of larger corporate groups

4. Post-Term Obligations: Specific obligations that survive termination - included for complex business relationships

5. Alternative Dispute Resolution: Mediation or arbitration procedures - included when parties prefer alternative dispute resolution to court proceedings

6. Change of Control: Provisions dealing with ownership changes - important for companies anticipating potential mergers or acquisitions

7. Force Majeure: Provisions for unforeseeable circumstances - included when needed for specific industry contexts

1. Schedule 1 - Restricted Business Activities: Detailed list of specific business activities, products, or services covered by the non-compete

2. Schedule 2 - Territory Map: Detailed map or description of the geographical areas covered by the restrictions

3. Schedule 3 - Affiliated Companies: List of subsidiary companies or corporate group members bound by the agreement

4. Schedule 4 - Consideration Details: Detailed breakdown of any financial or other consideration being provided

5. Appendix A - Compliance Requirements: Specific procedures and requirements for ensuring compliance with the non-compete obligations

6. Appendix B - Industry-Specific Terms: Detailed technical or industry-specific terms relevant to the non-compete restrictions