Restricting competition after employment or business sale to protect business interests.
NON-COMPETE AGREEMENT
This Non-Compete Agreement is made on [DATE] between [COMPANY NAME] ("Company") and [INDIVIDUAL NAME] ("Individual").
1. NON-COMPETE RESTRICTIONS
Individual agrees not to engage in competing business within [GEOGRAPHIC AREA] for [TIME PERIOD] after [TRIGGERING EVENT].
2. DEFINITION OF COMPETING BUSINESS
Competing business includes: [BUSINESS DESCRIPTION] that competes directly with Company's products or services.
3. NON-SOLICITATION
Individual shall not solicit Company's customers, employees, or suppliers for [TIME PERIOD] after termination.
4. CONSIDERATION
In consideration for these restrictions, Company provides: [CONSIDERATION DESCRIPTION].
5. REASONABLENESS
Parties acknowledge that restrictions are reasonable in scope, duration, and geographic area given Company's legitimate business interests.
6. ENFORCEMENT
Breach may cause irreparable harm. Company entitled to injunctive relief and monetary damages.
COMPANY: _________________ INDIVIDUAL: _________________
[COMPANY NAME] [INDIVIDUAL NAME]
Date: ___________ Date: ___________
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A Non-Compete Agreement restricts individuals from competing with their former employer or business partners for a specified period and geographic area.