Non Compete Product Agreement Template for Singapore

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Key Requirements PROMPT example:

Non Compete Product Agreement

"Need a Non Compete Product Agreement to prevent our Singapore-based electronics component supplier from manufacturing similar products to our new smart device range for 3 years starting January 2025, specifically in Southeast Asian markets."

Document background
A Non Compete Product Agreement is essential when businesses need to protect their product-related interests in the Singapore market. This document is particularly valuable when sharing proprietary product information with business partners, suppliers, or distributors, or when divesting product lines. The agreement must comply with Singapore's legal framework, including competition law and the restraint of trade doctrine. It typically includes specific product definitions, geographic scope, duration of restrictions, and protection mechanisms for intellectual property and trade secrets.
Suggested Sections

1. Parties: Identification and details of all contracting parties

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used tHRoughout the agreement

4. Scope of Non-Compete: Specific products, services, and activities covered by the restriction

5. Duration: Time period for which restrictions apply

6. Geographic Scope: Territorial limitations of the non-compete restrictions

7. Confidentiality Obligations: Protection of confidential information and trade secrets

8. Governing Law: Specification of Singapore law as governing law

Optional Sections

1. Assignment Rights: Rights to transfer obligations, used when transferability is important

2. International Trade Provisions: Specific provisions for international trade compliance when products involve cross-border trade

3. Exit Provisions: Conditions for early termination when flexibility in termination is required

Suggested Schedules

1. Schedule 1: Restricted Products: Detailed list of products covered by the non-compete

2. Schedule 2: Restricted Territory: Detailed description of geographic restrictions

3. Schedule 3: Competitive Activities: Specific activities prohibited under the agreement

4. Appendix A: Technical Specifications: Technical details of restricted products if applicable

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

Industries

Singapore Contract Law: Common law principles governing contract formation, enforceability, and interpretation, including the Unfair Contract Terms Act (Cap. 396)

Competition Act (Cap. 50B): Singapore's primary competition legislation to ensure the agreement doesn't contain anti-competitive practices or unfair restrictions

Employment Act (Cap. 91): Key employment legislation that may impact non-compete provisions, especially if the agreement involves employees or former employees

Restraint of Trade Doctrine: Legal principle requiring non-compete restrictions to be reasonable in scope, duration, and geographic coverage, and protect legitimate business interests

Patents Act (Cap. 221): Legislation governing patent rights and protection, relevant for product-related intellectual property considerations

Trade Marks Act (Cap. 332): Legislation protecting trademarks and brand elements that may be relevant to the product non-compete agreement

Copyright Act (Cap. 63): Legislation protecting original works and designs that may be incorporated into the product

Trade Secrets Protection: Legal principles protecting confidential business information and know-how related to the product

International Trade Laws: Relevant trade agreements and import/export regulations that may affect product distribution and competition restrictions

Reasonableness Test: Legal principle requiring all restrictions in the agreement to be reasonable and proportionate to the business interests being protected

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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