Document background
The Restrictive Covenants Shareholders Agreement is a crucial document for Irish companies seeking to protect their business interests, intellectual property, and competitive advantage. It is particularly relevant when companies have shareholders who may have access to sensitive information or could potentially compete with the business. The agreement, structured within the framework of Irish company law and competition regulations, typically includes provisions for non-competition, non-solicitation of customers and employees, and confidentiality obligations. It is commonly used in scenarios involving share transfers, company sales, or when bringing in new shareholders, especially in knowledge-intensive industries or when shareholders have significant access to company resources and information. The document must be carefully drafted to ensure enforceability under Irish law, with reasonable temporal and geographical restrictions.
