Non-Compete Agreement

What is this non-compete for?

What is this non-compete for? an Employeea Contractorthe Sale of a Business

Business Details

Name of the Business

Formed in the State of:

State where the business is incorporated.

Sales Price

The purchase price of the business.

Sales Date (if applicable)

(optional)

Non-Compete Owner (holder)

The owner holds the power over the recipient and prohibits them from working in a related business.

Enter the Owner's Mailing Address?

Enter the Owner's Mailing Address? Yes (recommended)No

Owner's Mailing Address

Street Address

Address Line 2

City

State

ZIP Code

Recipient's Name:

The person or company that is prohibited from competing in a similar business.

Enter the Recipient's Mailing Address?

Enter the Recipient's Mailing Address? Yes (recommended)No

Recipient's Mailing Address

Street Address

Address Line 2

City

State

ZIP Code

Non-Compete Period (start)

This is the period when the Recipient will be prohibited from engaging in related business activities.

Starts on:

Starts on: a Datean Event (ex. 'termination of employment')

Start Date

The Non-Compete will start on the event of:

Non-Compete Period (end)

This Non-Compete will end on:

This Non-Compete will end on: a DateFixed-term (ex. '2 years')

Ends on

The Non-Compete will end after:

Prohibited Practices

Will the Recipient be able to work in SIMILAR BUSINESS PRACTICES?

Will the Recipient be able to work in SIMILAR BUSINESS PRACTICES? YesNo

Will the Recipient be allowed to transact business with CURRENT or FORMER CLIENTS?

Will the Recipient be allowed to transact business with CURRENT or FORMER CLIENTS? YesNo

Can the Recipient work with any CURRENT or FORMER EMPLOYEES?

Can the Recipient work with any CURRENT or FORMER EMPLOYEES? YesNo

Competitors

Is the Recipient allowed to work with COMPETITORS?

Is the Recipient allowed to work with COMPETITORS? YesNo (recommended)

Are there any SPECIFIC COMPETITORS that the Recipient may not engage with?

Are there any SPECIFIC COMPETITORS that the Recipient may not engage with? YesNo, the Recipient may not work with ANY Competitor

Enter the SPECIFIC COMPETITORS:

Custom Limitations

Enter the NON-COMPETE:

Since you have not entered any restrictions on the Recipient. Enter them above.

Geography

The geographical scope of this Agreement shall cover the following geographical areas:

List the jurisdictions where the Recipient is banned from working in a similar business.

Additional Limitations

Will there be any other Additional Limitations?

Will there be any other Additional Limitations? YesNo

Select "Yes" is if you would like to WRITE any additional limitations.

Enter the ADDITIONAL LIMITATIONS:

List any additional restrictions that shall be placed on the Recipient.

Purchase Option

Does the Recipient have an Option to Purchase?

Does the Recipient have an Option to Purchase? YesNo

Oftentimes, a Recipient will have an option to purchase their way out of a non-compete for a fixed price.

Enter the "Option to Purchase" Amount

Governing Law

This Agreement will be governed by:

Select State.

Forum Selection

Will the Parties submit to the exclusive or non-exclusive jurisdiction of court within the State?

Will the Parties submit to the exclusive or non-exclusive jurisdiction of court within the State? ExclusiveNon-Exclusive

Agreement Date

Usually today's date.

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