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Non Compete Intellectual Property Agreement
"I need a Non Compete Intellectual Property Agreement for a senior software engineer joining our AI startup in March 2025, with specific focus on protecting our machine learning algorithms and ensuring they can't work for competitors in the Bay Area for 18 months after leaving."
1. Parties: Identifies all parties to the agreement with their full legal names and addresses
2. Background/Recitals: Explains the context and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Scope of Non-Compete: Defines the prohibited activities, geographic scope, and duration
5. Intellectual Property Rights: Details ownership and protection of IP created during employment
6. Confidentiality Obligations: Specifies handling of confidential information and trade secrets
7. Return of Materials: Requirements for returning company property and information
8. Governing Law: Specifies applicable jurisdiction and law
1. Garden Leave: Optional provision for paid leave period during restricted period - typically used for senior executives or when required by state law
2. Severance Payments: Optional provision for compensation during non-compete period - used when offering additional consideration for non-compete restrictions
3. Assignment Rights: Optional provision for rights to assign the agreement to another entity - used when company anticipates potential M&A activity
4. Alternative Dispute Resolution: Optional provision for mediation or arbitration procedures - used when parties prefer to avoid court litigation
1. Schedule A - Restricted Territory: Detailed map or list of geographic areas covered by non-compete
2. Schedule B - Restricted Activities: Detailed list of prohibited business activities
3. Schedule C - Intellectual Property Inventory: List of pre-existing IP owned by employee
4. Schedule D - Compensation Details: Details of any consideration provided for the restrictions
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