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Protective Covenants Agreement
"I need a Protective Covenants Agreement for a senior software engineer joining our AI startup in March 2025, with specific focus on protecting our proprietary algorithms and customer relationships, and including strong non-compete provisions for the US East Coast region."
1. Parties: Identification and details of the contracting parties
2. Background: Context of the agreement, including the business relationship and purpose of the protective covenants
3. Definitions: Key terms used throughout the agreement including 'Confidential Information', 'Restricted Business', 'Territory'
4. Confidentiality Obligations: Detailed provisions regarding the protection and non-disclosure of confidential information
5. Non-Competition Provisions: Specific restrictions on competitive activities, including scope, duration, and geographic limitations
6. Non-Solicitation Provisions: Restrictions on soliciting employees, customers, or suppliers, including duration and scope
7. Term and Termination: Duration of the agreement and circumstances under which it may be terminated
8. Remedies: Legal remedies available in case of breach, including injunctive relief
9. Governing Law and Jurisdiction: Specification of applicable law and courts having jurisdiction
1. Intellectual Property Rights: Additional provisions protecting IP rights when relevant to the business relationship
2. Return of Materials: Procedures for returning confidential materials upon termination or request
3. Garden Leave: Provisions for paid leave during restriction period, typically for senior executives
4. Consideration: Specific details about compensation or benefits provided in exchange for the restrictions
1. Schedule A - Restricted Activities: Detailed list of specific activities prohibited under the non-compete provisions
2. Schedule B - Confidential Information Categories: Comprehensive list of types of confidential information covered by the agreement
3. Schedule C - Geographic Restrictions: Detailed description or map of territories where restrictions apply
4. Schedule D - Compensation Details: Breakdown of any consideration provided for the restrictions
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