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Non Compete Contract Template for Nigeria

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Key Requirements PROMPT example:

Non Compete Contract

"I need a Non Compete Contract for a senior software developer in Lagos who will be leaving our fintech company by March 2025; the agreement should restrict them from working with competitors in Nigeria's financial technology sector for 12 months."

Document background
The Non Compete Contract serves as a crucial legal instrument in Nigerian business relationships where protecting competitive advantages and confidential information is essential. It is commonly used in employment relationships, business sales, partnership agreements, and contractor engagements. The document must carefully balance the protection of legitimate business interests against constitutional rights and competition laws in Nigeria. Typical scenarios for its use include senior executive employment, business acquisitions, partnership formations, and protection of trade secrets. The agreement must specify reasonable restrictions in terms of duration, geographical scope, and business activities to be enforceable under Nigerian law. Key considerations include the scope of restricted activities, consideration provided, and remedies for breach.
Suggested Sections

1. Parties: Identifies and defines the parties entering into the agreement

2. Background: Establishes context and relationship between parties, including the legitimate business interests being protected

3. Definitions: Defines key terms used throughout the agreement, including restricted business activities, territory, and competitive activities

4. Non-Compete Obligations: Core restrictions including scope of prohibited activities, geographical limitations, and duration

5. Duration: Specifies the time period for which the non-compete obligations will remain in effect

6. Geographical Scope: Defines the territorial limits within which the restrictions apply

7. Confidentiality Obligations: Provisions regarding the protection of confidential information and trade secrets

8. Acknowledgment of Reasonableness: Party's acknowledgment that restrictions are reasonable and necessary

9. Consideration: Details of what is being provided in exchange for the non-compete obligations

10. Remedies: Specifies remedies available in case of breach, including injunctive relief

11. Governing Law and Jurisdiction: Specifies Nigerian law as governing law and defines jurisdiction for disputes

12. General Provisions: Standard contract clauses including severability, entire agreement, and amendments

Optional Sections

1. Non-Solicitation: Additional restrictions on soliciting employees, customers, or suppliers - used when business relationships need specific protection

2. Post-Employment Obligations: Specific provisions for agreements with employees - only used in employment context

3. Assignment: Rights to assign the agreement - included when transfer rights are important to the business

4. Garden Leave: Provisions for paid leave during notice period - used in senior employment contexts

5. Training and Investment Protection: Provisions protecting employer investment in employee training - used when significant training is provided

6. Exit Provisions: Specific obligations upon termination - used in more complex business relationships

7. Monitoring and Compliance: Procedures for monitoring compliance - used in high-value or high-risk situations

Suggested Schedules

1. Schedule 1 - Restricted Business Activities: Detailed list of specific activities that are restricted

2. Schedule 2 - Restricted Territory: Detailed definition of geographical areas covered by restrictions, including maps or specific locations

3. Schedule 3 - Consideration Details: Detailed breakdown of compensation or consideration provided

4. Appendix A - Confidential Information: Specific categories of confidential information covered by the agreement

5. Appendix B - Key Customers/Clients: List of specific customers or clients covered by non-solicitation provisions

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

Financial Services

Healthcare

Professional Services

Manufacturing

Retail

Energy

Telecommunications

Pharmaceuticals

Construction

Information Technology

Education

Mining

Oil and Gas

Consulting

Relevant Teams

Legal

Executive Leadership

Sales

Business Development

Research and Development

Operations

Information Technology

Human Resources

Finance

Product Development

Client Services

Strategic Planning

Technical Operations

Commercial

Relevant Roles

Chief Executive Officer

Managing Director

Sales Director

Technical Director

Senior Software Engineer

Business Development Manager

Regional Manager

Head of Operations

Chief Technology Officer

Financial Controller

Senior Consultant

Research Director

Product Manager

Key Account Manager

Senior Sales Executive

Department Head

Executive Director

Chief Financial Officer

Operations Manager

Technical Lead

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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