Non Disclosure Non Compete Agreement Template for New Zealand

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Key Requirements PROMPT example:

Non Disclosure Non Compete Agreement

"I need a Non Disclosure Non Compete Agreement for a senior software developer joining my fintech startup in March 2025, with specific focus on protecting our AI algorithms and preventing them from working with competing payment processing companies in New Zealand for 12 months after termination."

Document background
This Non-Disclosure Non-Compete Agreement is designed for use in New Zealand business contexts where protection of confidential information and prevention of competitive activities are essential. The document is particularly valuable when engaging employees, contractors, or business partners who will have access to sensitive information or could pose a competitive threat. It incorporates provisions compliant with New Zealand legislation, including the Contract and Commercial Law Act 2017, Employment Relations Act 2000, and Commerce Act 1986. The agreement typically includes detailed definitions of confidential information, specific restrictions on competitive activities, geographic limitations, and duration of obligations. It's structured to be enforceable under New Zealand law while maintaining reasonable restrictions that courts will uphold.
Suggested Sections

1. Parties: Identifies and provides full legal details of all parties to the agreement

2. Background: Explains the context and purpose of the agreement, including the nature of the business relationship

3. Definitions: Defines key terms including 'Confidential Information', 'Competing Activities', 'Territory', and 'Restricted Period'

4. Confidentiality Obligations: Details the obligations regarding confidential information, including use, disclosure, and security measures

5. Non-Compete Provisions: Specifies restrictions on competitive activities, including scope, duration, and geographic limitations

6. Non-Solicitation: Prohibitions on soliciting employees, customers, or suppliers

7. Return of Confidential Information: Requirements for returning or destroying confidential information upon request or termination

8. Duration and Survival: Specifies the term of the agreement and which provisions survive termination

9. Breach and Remedies: Outlines consequences of breach and available remedies including injunctive relief

10. General Provisions: Standard clauses including governing law, jurisdiction, and entire agreement

Optional Sections

1. Independent Contractor Relationship: Clarifies the independent nature of the relationship when the agreement is not with an employee

2. Intellectual Property Rights: Additional provisions regarding ownership and protection of IP when relevant to the business relationship

3. Data Protection Compliance: Specific obligations regarding personal data protection when confidential information includes personal data

4. Assignment and Delegation: Provisions regarding the ability to transfer rights and obligations when relevant to larger organizations

5. Conflict Resolution: Alternative dispute resolution procedures if parties prefer to specify mediation or arbitration

6. Exceptions to Confidentiality: Specific carve-outs for certain types of information or disclosures when needed

7. Garden Leave: Provisions for paid non-compete period, typically used in employment contexts

Suggested Schedules

1. Schedule 1 - Confidential Information: Detailed list or categories of information considered confidential

2. Schedule 2 - Restricted Activities: Specific description of prohibited competitive activities

3. Schedule 3 - Territory: Detailed definition of geographic areas where restrictions apply

4. Schedule 4 - Key Competitors: List of specific competitors with whom engagement is prohibited

5. Schedule 5 - Security Measures: Specific requirements for handling and protecting confidential information

6. Appendix A - Acknowledgment Form: Form for receiving party to acknowledge receipt of confidential information

7. Appendix B - Return/Destruction Certificate: Template certificate confirming return or destruction of confidential information

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

Relevant legal definitions
Relevant Industries

Technology

Financial Services

Professional Services

Healthcare

Manufacturing

Research and Development

Retail

Telecommunications

Biotechnology

Engineering

Consulting

Software Development

Media and Entertainment

Education and Training

Real Estate

Relevant Teams

Executive Leadership

Sales

Business Development

Research and Development

Product Development

Marketing

Operations

Human Resources

Information Technology

Finance

Legal

Customer Success

Engineering

Design

Data Science

Strategy

Relevant Roles

Chief Executive Officer

Chief Technology Officer

Sales Director

Business Development Manager

Senior Software Developer

Research Scientist

Product Manager

Marketing Director

Senior Consultant

Account Manager

Operations Manager

Human Resources Director

Technical Lead

Financial Controller

Project Manager

Systems Architect

Industries
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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