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Standard Non Compete Agreement
"I need a Standard Non Compete Agreement for a senior software engineer leaving our Singapore-based fintech company on March 1, 2025, with restrictions covering Southeast Asia for 12 months and specific provisions about not working on blockchain technology."
1. Parties: Identification of the employer and employee with full legal names and addresses
2. Background: Context of the agreement and employment relationship
3. Definitions: Key terms used throughout the agreement including 'Confidential Information', 'Restricted Business', 'Territory'
4. Restrictive Covenants: Core non-compete obligations including duration, geographical scope, and prohibited activities
5. Duration: Time period for which restrictions apply
6. Consideration: Benefits provided in exchange for non-compete obligations
7. Governing Law: Specification of Singapore law as governing law
1. Garden Leave: Terms for paid leave during notice period - recommended for senior executives or when immediate competition risk is high
2. Non-Solicitation: Restrictions on approaching customers or employees - recommended when customer/employee relationships are crucial
3. Severability: Provisions for partial enforcement if parts are found invalid - recommended when agreement covers multiple jurisdictions or complex restrictions
1. Restricted Territory: Detailed list of geographical areas covered by restrictions
2. Restricted Business: Detailed description of prohibited business activities
3. Consideration Details: Breakdown of compensation or benefits provided
Authors
Confidential Information
Commencement Date
Competition
Competitive Business
Customer
Effective Date
Employment Agreement
Group
Intellectual Property Rights
Material Interest
Prohibited Business
Restricted Area
Restricted Business
Restricted Clients
Restricted Period
Restricted Persons
Restricted Products/Services
Restricted Territory
Termination Date
Trade Secrets
Working Day
Duration and Term
Geographical Scope
Non-Solicitation of Customers
Non-Solicitation of Employees
Confidentiality
Consideration
Acknowledgments
Reasonableness
Remedies
Severability
Garden Leave
Assignment
Modification
Survival
Notice
Governing Law
Jurisdiction
Entire Agreement
Waiver
Third Party Rights
Force Majeure
Interpretation
Costs
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