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Business To Business Non Compete Agreement
"I need a Business To Business Non Compete Agreement for my technology consulting firm in Lagos, restricting a partner company from competing in our enterprise software solutions business across Western Nigeria for 3 years starting March 2025."
1. Parties: Identification of the contracting businesses, including registration details and addresses
2. Background: Context of the agreement, business relationship between parties, and purpose of the non-compete arrangement
3. Definitions: Key terms used throughout the agreement, including 'Competitive Activity', 'Confidential Information', 'Territory', etc.
4. Non-Compete Obligations: Core restrictions and specific prohibited activities, including scope of competitive activities
5. Duration and Territory: Time period and geographical scope of the non-compete restrictions
6. Consideration: The benefit or value exchanged for the non-compete obligations
7. Confidentiality: Obligations regarding confidential information and trade secrets
8. Breach and Remedies: Consequences of breach and available remedies including injunctive relief
9. General Provisions: Standard contract clauses including governing law, entire agreement, and severability
10. Execution: Signature blocks and execution details
1. Non-Solicitation: Additional restrictions on soliciting employees, customers, or suppliers - used when business relationships need specific protection
2. Assignment: Rights to transfer the agreement - included when either party may undergo corporate restructuring
3. Dispute Resolution: Specific procedures for resolving disputes - used when parties prefer alternative dispute resolution methods
4. Force Majeure: Provisions for unforeseeable circumstances - included when long-term obligations exist
5. Independent Contractor: Clarification of relationship between parties - used when there's potential confusion about business relationship
6. Survival: Provisions that continue after agreement termination - included when certain obligations should extend beyond the agreement
1. Schedule 1 - Restricted Business Activities: Detailed list of specific business activities, products, or services covered by the non-compete
2. Schedule 2 - Territory Map: Geographical areas where restrictions apply, including maps or specific boundary descriptions
3. Schedule 3 - Affiliated Companies: List of related companies or subsidiaries covered by the agreement
4. Schedule 4 - Consideration Details: Detailed breakdown of any financial or other consideration provided
5. Appendix A - Confidential Information: Specific categories of confidential information covered by the agreement
Authors
Technology and Software
Manufacturing
Professional Services
Healthcare and Pharmaceuticals
Financial Services
Energy and Resources
Telecommunications
Retail and Consumer Goods
Industrial Services
Research and Development
Consulting
Media and Entertainment
Legal
Corporate Strategy
Business Development
Executive Leadership
Compliance
Risk Management
Commercial Operations
Mergers and Acquisitions
Corporate Affairs
Partnership Management
Chief Executive Officer
Managing Director
Legal Counsel
Business Development Manager
Chief Operating Officer
Commercial Director
Corporate Strategy Manager
Partnership Manager
Compliance Officer
Risk Manager
General Counsel
Contract Manager
Chief Financial Officer
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