The Restrictive Covenants Shareholders Agreement is essential for Singapore companies seeking to protect their business interests from competition by their shareholders. This document becomes particularly relevant when shareholders have access to sensitive information, key client relationships, or trade secrets. Under Singapore law, such agreements must be carefully balanced to protect legitimate business interests while remaining reasonable and enforceable. The agreement typically includes detailed provisions on non-competition, non-solicitation of customers and employees, and confidentiality obligations, all structured to comply with Singapore's legal framework and common law principles.
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1. Parties: Identification of all shareholders and the company
2. Background: Context of the agreement and existing shareholding structure
3. Definitions: Key terms used throughout the agreement, including 'Confidential Information', 'Competitive Business', 'Restricted Period'
4. Non-Competition Covenant: Core restrictions preventing shareholders from engaging in competitive activities
5. Non-Solicitation of Customers: Restrictions on approaching or dealing with company customers
6. Non-Solicitation of Employees: Restrictions on hiring or attempting to hire company employees
7. Confidentiality Obligations: Protection of company's confidential information and trade secrets
8. Duration and Geographic Scope: Specific timeframes and territorial limits of restrictions
9. Enforcement and Remedies: Consequences of breach and available legal remedies
1. Non-Dealing Covenant: Additional restrictions on dealing with customers even if not solicited - Used for businesses with high-value client relationships
2. Intellectual Property Protection: Additional provisions protecting company IP - Used for technology or IP-intensive businesses
3. Garden Leave Provisions: Terms regarding paid leave during notice period - Used for executive shareholders who are also employees
4. Exception Clauses: Specific carve-outs from restrictions - Used when shareholders have legitimate existing business interests
1. Schedule of Shareholders: List of all shareholders and their respective shareholdings
2. Schedule of Restricted Territories: Detailed list of geographic areas where restrictions apply
3. Schedule of Restricted Activities: Detailed description of prohibited business activities
4. Schedule of Protected Customers: List of specific customers covered by non-solicitation provisions
5. Schedule of Competitive Businesses: Definition and examples of businesses considered competitive
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Restrictive Covenants Shareholders Agreement
A Singapore law-governed agreement establishing restrictions on shareholders' activities to protect company interests, including non-compete and confidentiality provisions.
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