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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."
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
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
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
Affiliate
Business Day
Commencement Date
Competing Product
Confidential Information
Effective Date
Force Majeure Event
Intellectual Property Rights
Licensed Products
Non-Compete Period
Parties
Products
Protected Information
Restricted Activities
Restricted Business
Restricted Period
Restricted Products
Restricted Territory
Specifications
Technical Information
Term
Trade Secrets
Working Day
Non-Compete Obligations
Scope of Restrictions
Duration
Geographic Limitations
Product Specifications
Confidentiality
Intellectual Property Rights
Representations and Warranties
Consideration
Breach and Remedies
Indemnification
Force Majeure
Assignment
Termination
Severability
Dispute Resolution
Governing Law
Notices
Entire Agreement
Amendment and Waiver
Survival
Counterparts
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