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Non Compete Product Agreement
"Need a Non Compete Product Agreement to prevent our Singapore-based electronics component supplier from manufacturing similar products to our new smart device range for 3 years starting January 2025, specifically in Southeast Asian markets."
1. Parties: Identification and details of all contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used tHRoughout the agreement
4. Scope of Non-Compete: Specific products, services, and activities covered by the restriction
5. Duration: Time period for which restrictions apply
6. Geographic Scope: Territorial limitations of the non-compete restrictions
7. Confidentiality Obligations: Protection of confidential information and trade secrets
8. Governing Law: Specification of Singapore law as governing law
1. Assignment Rights: Rights to transfer obligations, used when transferability is important
2. International Trade Provisions: Specific provisions for international trade compliance when products involve cross-border trade
3. Exit Provisions: Conditions for early termination when flexibility in termination is required
1. Schedule 1: Restricted Products: Detailed list of products covered by the non-compete
2. Schedule 2: Restricted Territory: Detailed description of geographic restrictions
3. Schedule 3: Competitive Activities: Specific activities prohibited under the agreement
4. Appendix A: Technical Specifications: Technical details of restricted products if applicable
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