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Non Compete Partnership Agreement

Non Compete Partnership Agreement Template for Ireland

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Key Requirements PROMPT example:

Non Compete Partnership Agreement

"I need a Non Compete Partnership Agreement for a Dublin-based accounting practice, where three senior accountants are forming a new partnership and want to prevent partners from competing within a 50km radius for 2 years after leaving the partnership."

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Document background
The Non-Compete Partnership Agreement is essential for businesses and professionals in Ireland seeking to establish a formal partnership while protecting their collective interests from competition. This document is particularly crucial when partners will have access to sensitive business information, client relationships, or trade secrets. It combines traditional partnership provisions with specific non-compete clauses that comply with Irish competition law and EU regulations. The agreement is commonly used when establishing new professional partnerships, bringing in new partners, or restructuring existing partnerships. It addresses key aspects such as partnership structure, profit sharing, management rights, and includes carefully drafted non-compete provisions that specify duration, geographic scope, and prohibited activities. The document must balance the protection of legitimate business interests with reasonable restrictions that courts will enforce under Irish law.
Suggested Sections

1. Parties: Identification and details of all partners entering into the agreement

2. Background: Context of the agreement, existing relationship between parties, and purpose of the partnership

3. Definitions: Detailed definitions of key terms used throughout the agreement

4. Partnership Structure: Legal structure of the partnership, ownership interests, and capital contributions

5. Scope of Partnership: Detailed description of the partnership's business activities and objectives

6. Non-Compete Obligations: Specific restrictions on competitive activities during partnership

7. Post-Partnership Non-Compete Terms: Restrictions after partnership termination, including duration and geographic scope

8. Management and Decision Making: Partnership governance structure and decision-making processes

9. Financial Arrangements: Profit sharing, losses, capital accounts, and financial responsibilities

10. Confidentiality: Protection of partnership's confidential information and trade secrets

11. Duration and Termination: Term of the agreement and circumstances for termination

12. Exit Provisions: Procedures for partner withdrawal, retirement, or expulsion

13. Dispute Resolution: Procedures for resolving disputes between partners

14. Governing Law: Confirmation of Irish law governance and jurisdiction

Optional Sections

1. Intellectual Property Rights: Specific provisions for IP ownership and licensing when partnership involves significant IP assets

2. Insurance Requirements: Detailed insurance obligations when partnership activities require specific coverage

3. Employee Non-Solicitation: Additional provisions preventing partners from hiring partnership employees, if relevant

4. International Operations: Special provisions for partnerships operating across multiple jurisdictions

5. Digital Assets and Online Presence: Provisions regarding ownership and management of digital assets when relevant to business

6. Force Majeure: Provisions for unforeseen circumstances affecting partnership obligations

7. Tax Matters: Specific tax-related provisions for complex partnership structures

Suggested Schedules

1. Schedule 1 - Partner Details: Detailed information about each partner, including contact details and ownership percentages

2. Schedule 2 - Restricted Activities: Comprehensive list of specific activities prohibited under non-compete provisions

3. Schedule 3 - Restricted Territory: Detailed definition of geographic areas covered by non-compete restrictions

4. Schedule 4 - Initial Capital Contributions: Detailed breakdown of each partner's initial capital contributions

5. Schedule 5 - Business Plan: Initial business plan and strategic objectives of the partnership

6. Appendix A - Profit Sharing Formula: Detailed calculations and methods for profit distribution

7. Appendix B - Management Procedures: Detailed procedures for partnership management and decision-making

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions







































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Relevant Industries

Professional Services

Legal Services

Medical Practices

Consulting

Financial Services

Technology

Real Estate

Accounting

Architecture

Engineering

Marketing and Advertising

Healthcare

Retail

Manufacturing

Software Development

Research and Development

Relevant Teams

Legal

Executive Leadership

Operations

Business Development

Finance

Human Resources

Partnership Board

Management Committee

Strategic Planning

Risk Management

Compliance

Corporate Development

Relevant Roles

Managing Partner

Senior Partner

Founding Partner

Executive Director

Chief Executive Officer

Chief Operating Officer

Business Development Director

Professional Practice Partner

Department Head

Regional Director

Practice Leader

Managing Director

Senior Associate

Business Owner

Equity Partner

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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