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Non Compromise Agreement

Non Compromise Agreement Template for New Zealand

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Key Requirements PROMPT example:

Non Compromise Agreement

"I need a Non-Compromise Agreement under New Zealand law for a software development service arrangement between my tech consultancy and a healthcare provider, with specific focus on data protection and service level requirements, to commence from March 2025."

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Document background
The Non-Compromise Agreement is essential for businesses and individuals operating in New Zealand who wish to formalize their commercial relationships without addressing any disputes or claims. This document is particularly relevant when parties need to establish clear contractual terms, obligations, and commercial arrangements in compliance with New Zealand law. It differs from settlement agreements as it focuses on forward-looking business relationships rather than resolving past disputes. The agreement typically includes detailed terms covering obligations, payments, confidentiality, and intellectual property rights, while ensuring compliance with New Zealand's Contract and Commercial Law Act 2017, Fair Trading Act 1986, and other relevant legislation. It's commonly used for service agreements, supply contracts, and other commercial arrangements where parties need a robust legal framework for their ongoing business relationship.
Suggested Sections

1. Parties: Identifies and defines all parties to the agreement with their full legal names, addresses, and company details if applicable

2. Background: Sets out the context and circumstances leading to the agreement, including the relationship between the parties

3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes rules for interpreting the agreement

4. Term and Commencement: Specifies when the agreement begins and its duration

5. Obligations of Party A: Details the specific duties, responsibilities and commitments of the first party

6. Obligations of Party B: Details the specific duties, responsibilities and commitments of the second party

7. Payment Terms: Specifies all financial arrangements including payment amounts, schedules, and methods

8. Confidentiality: Sets out obligations regarding confidential information exchanged during the course of the agreement

9. Intellectual Property: Addresses ownership and usage rights of any intellectual property involved

10. Termination: Specifies circumstances under which the agreement can be terminated and the process for doing so

11. General Provisions: Standard boilerplate clauses including notices, entire agreement, severability, and governing law

Optional Sections

1. Force Majeure: Include when parties want protection from events beyond their reasonable control

2. Assignment: Include when there's a need to restrict or permit the transfer of rights under the agreement

3. Insurance: Include when specific insurance coverage requirements need to be maintained

4. Compliance with Laws: Include when specific regulatory compliance needs to be emphasized

5. Data Protection: Include when personal data processing is involved in the agreement

6. Audit Rights: Include when one party needs the right to audit the other's compliance

7. Change Control: Include when the agreement may need formal procedures for making changes

Suggested Schedules

1. Schedule 1 - Services or Deliverables: Detailed description of services or deliverables to be provided under the agreement

2. Schedule 2 - Pricing and Payment Details: Detailed breakdown of pricing, payment schedules, and related financial terms

3. Schedule 3 - Key Personnel: List of key personnel involved in delivering obligations under the agreement

4. Schedule 4 - Service Levels: Specific performance metrics and standards if applicable

5. Appendix A - Contact Details: Contact information for key representatives of each party

6. Appendix B - Required Forms: Any standard forms or templates required for use during the agreement term

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Clauses
Interpretation
Definitions
Term and Duration
Services
Payment Terms
Obligations
Performance Standards
Confidentiality
Intellectual Property
Data Protection
Personnel
Warranties
Indemnification
Insurance
Liability
Force Majeure
Termination
Assignment
Subcontracting
Notices
Variation
Severability
Entire Agreement
Governing Law
Jurisdiction
Compliance with Laws
Health and Safety
Audit Rights
Record Keeping
Business Continuity
Anti-Bribery
Change Control
Relationship of Parties
Costs
GST and Taxation
Relevant Industries

Technology

Professional Services

Manufacturing

Retail

Construction

Healthcare

Education

Financial Services

Logistics

Consulting

Relevant Teams

Legal

Commercial

Procurement

Operations

Finance

Risk and Compliance

Business Development

Executive Leadership

Project Management

Administration

Relevant Roles

Legal Counsel

Commercial Manager

Business Development Manager

Procurement Manager

Operations Director

Contract Administrator

Chief Executive Officer

Chief Financial Officer

Risk Manager

Compliance Officer

General Manager

Project Manager

Industries
Contract and Commercial Law Act 2017: Primary legislation governing contract formation, enforcement, and remedies in New Zealand. Covers essential elements like offer, acceptance, consideration, and contractual capacity.
Fair Trading Act 1986: Ensures fair trading practices and prohibits misleading and deceptive conduct in trade. Important for ensuring transparency and fairness in contractual relationships.
Privacy Act 2020: Governs the collection, use, and disclosure of personal information. Relevant if the agreement involves handling personal data of any parties.
Companies Act 1993: Relevant if any parties to the agreement are companies, governing corporate capacity and authority to enter into contracts.
Electronic Transactions Act 2002: Facilitates the use of electronic transactions and ensures their legal validity, particularly important if the agreement will be executed electronically.
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

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