Document background
The Non Compete Partnership Agreement is essential for businesses operating in Singapore seeking to protect their interests and maintain competitive advantage. This document is particularly crucial when establishing new partnerships or modifying existing ones where partners have access to sensitive information, client relationships, or trade secrets. It must comply with Singapore's legal framework, including the Partnership Act and Competition Act, while ensuring reasonable restrictions in terms of duration, geographic scope, and prohibited activities. The agreement typically includes detailed provisions about non-competition obligations, confidentiality requirements, and consequences of breach.
