Document background
The Non Compete Shareholders Agreement is a crucial document for Singapore companies seeking to protect their business interests from competitive activities by their shareholders. This agreement becomes particularly important during ownership transitions, new shareholder entries, or when implementing corporate governance structures. It must carefully balance the company's need for protection with Singapore's strict requirements for reasonable restrictions in terms of duration, geographic scope, and business activities. The document typically includes detailed provisions about restricted activities, confidentiality obligations, and enforcement mechanisms, all tailored to comply with Singapore's legal framework.
