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Real Estate Non Compete Agreement
"I need a Real Estate Non-Compete Agreement for my Dubai-based property development company to prevent our departing senior property consultant from competing within a 50km radius of our main operations for 2 years, starting from March 2025."
1. Parties: Identification of the parties entering into the agreement, including full legal names and addresses
2. Background: Context of the agreement, relationship between parties, and purpose of the non-compete restrictions
3. Definitions: Key terms used throughout the agreement, including specific real estate activities, territorial scope, and restricted business activities
4. Scope of Non-Compete: Detailed description of prohibited activities and business operations in the real estate sector
5. Duration: Time period for which the non-compete restrictions will remain in effect
6. Geographic Area: Specific definition of the territorial scope where restrictions apply
7. Confidentiality Obligations: Provisions regarding the protection of confidential information and trade secrets
8. Acknowledgments: Parties' acknowledgment of the reasonableness of restrictions and receipt of consideration
9. Remedies: Available remedies in case of breach, including injunctive relief and damages
10. General Provisions: Standard clauses including governing law, jurisdiction, entire agreement, and amendments
1. Non-Solicitation: Additional restrictions on soliciting clients, employees, or suppliers - used when broader protection is needed
2. Consideration: Specific section detailing the consideration provided - required when there is a separate payment or benefit
3. Reporting Requirements: Obligations to report certain activities to ensure compliance - used in high-value or high-risk agreements
4. Exit Provisions: Specific terms for termination or exit from the agreement - used when early termination might be contemplated
5. Training and Trade Secrets: Specific provisions regarding specialized training or trade secrets - used when significant proprietary knowledge is involved
6. Competitive Activities Exception: List of permitted activities despite non-compete - used when certain activities need to be carved out
1. Schedule 1 - Restricted Activities: Detailed list of specific real estate activities that are restricted
2. Schedule 2 - Territorial Map: Map or detailed description of the geographic area where restrictions apply
3. Schedule 3 - Affiliated Companies: List of related companies or entities covered by the agreement
4. Schedule 4 - Consideration Details: Breakdown of any financial or other consideration provided
5. Appendix A - Compliance Certificate: Form of certificate to be signed periodically confirming compliance
6. Appendix B - Permitted Activities: Detailed list of activities that are explicitly permitted under the agreement
Authors
Real Estate
Property Development
Construction
Property Management
Real Estate Investment
Real Estate Technology
Property Consultancy
Commercial Property
Residential Property
Real Estate Marketing
Legal
Real Estate Operations
Business Development
Sales
Marketing
Property Management
Investment Analysis
Strategy
Compliance
Human Resources
Real Estate Director
Property Development Manager
Real Estate Broker
Business Development Manager
Property Consultant
Real Estate Investment Analyst
Chief Executive Officer
Operations Director
Sales Manager
Marketing Director
Property Valuation Specialist
Real Estate Portfolio Manager
Strategy Director
Regional Manager
Branch Manager
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