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Agreement Not To Work For Competitor Template for Australia

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Key Requirements PROMPT example:

Agreement Not To Work For Competitor

"I need an Agreement Not To Work For Competitor for a senior software developer in Sydney who will have access to our AI technology roadmap; the agreement should cover all of Australia and New Zealand, with a 12-month restriction period starting from March 2025."

Document background
The Agreement Not To Work For Competitor is a crucial document for Australian businesses seeking to protect their legitimate business interests, confidential information, and competitive advantage. It is typically used when onboarding senior executives, key technical staff, or employees with access to sensitive information or important client relationships. The agreement must comply with Australian competition law, employment regulations, and common law principles regarding restraint of trade. The document specifies the duration and geographical scope of restrictions, defines competing businesses and restricted activities, and includes provisions for non-solicitation of clients and employees. It's essential to ensure the restrictions are reasonable and proportionate to the legitimate interests being protected, as Australian courts will only enforce restraints that meet these criteria. The agreement should be customized based on the specific role, industry context, and level of access to confidential information.
Suggested Sections

1. Parties: Identifies and defines the employer and employee entering into the agreement

2. Background: Outlines the context of the agreement, including the employee's role and access to confidential information

3. Definitions: Defines key terms used throughout the agreement, including 'Confidential Information', 'Competing Business', 'Restricted Period', and 'Restricted Area'

4. Non-Compete Obligations: Details the specific restrictions on working for competitors, including duration and geographical limitations

5. Non-Solicitation Obligations: Prohibitions on soliciting customers, clients, or employees of the employer

6. Confidentiality Obligations: Requirements regarding the protection and non-disclosure of confidential information

7. Acknowledgments: Employee's acknowledgment that restrictions are reasonable and necessary

8. Duration and Geographic Scope: Specific timeframes and geographical areas where restrictions apply

9. Exceptions: Permitted activities and circumstances where restrictions don't apply

10. Severability: Provisions for maintaining validity if parts are found unenforceable

11. General Provisions: Standard contract terms including governing law, entire agreement, and amendments

12. Execution: Signature blocks and execution details

Optional Sections

1. Garden Leave: Optional section for when the agreement includes provisions for paid leave during notice period

2. Post-Employment Assistance: Terms for providing transition assistance after employment ends

3. Consideration: Details of additional payment or benefit provided specifically for the non-compete obligations

4. Intellectual Property: Additional provisions regarding IP rights and developments

5. Dispute Resolution: Specific procedures for resolving disputes, including mediation or arbitration

6. Independent Legal Advice: Acknowledgment of receiving or having the opportunity to receive independent legal advice

Suggested Schedules

1. Schedule 1 - Restricted Activities: Detailed list of specific activities the employee is restricted from performing

2. Schedule 2 - Competitors List: List of specific companies or businesses considered competitors

3. Schedule 3 - Restricted Clients: List of specific clients or customer categories covered by non-solicitation provisions

4. Schedule 4 - Confidential Information: Detailed description of types of confidential information covered

5. Appendix A - Geographic Restrictions: Maps or detailed description of geographic areas where restrictions apply

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions









































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Relevant Industries

Technology

Professional Services

Financial Services

Healthcare

Manufacturing

Retail

Telecommunications

Consulting

Pharmaceuticals

Media and Entertainment

Energy

Software Development

Biotechnology

Engineering

Sales and Marketing

Relevant Teams

Executive Leadership

Sales

Business Development

Research & Development

Product Development

Client Services

Technical Architecture

Professional Services

Strategy

Operations

Engineering

Account Management

Solutions Architecture

Marketing

Data Science

Relevant Roles

Chief Executive Officer

Chief Technology Officer

Senior Software Engineer

Sales Director

Account Executive

Product Manager

Research Scientist

Business Development Manager

Technical Lead

Senior Consultant

Regional Manager

Head of Strategy

Chief Financial Officer

Client Relations Manager

Senior Architect

Principal Engineer

Managing Director

Vice President of Sales

Head of Research

Senior Account Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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