Document background
A Non-Compete Agreement Between Business Partners is essential when establishing or maintaining business partnerships in Ireland where partners share sensitive business information, client relationships, and trade secrets. This document is typically used when forming new partnerships, during business restructuring, or when partners are planning their exit strategies. It must comply with Irish competition law and common law principles, including reasonable restrictions in terms of duration, geographic scope, and business activities. The agreement helps protect legitimate business interests while ensuring fair competition and partners' rights to earn a livelihood. Key elements include detailed definitions of restricted activities, clear temporal and geographical boundaries, and specific enforcement mechanisms. This type of agreement is particularly important in professional services, technology sectors, and other industries where intellectual property and client relationships are crucial business assets.
