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Lifetime Non Compete Agreement Template for Nigeria

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Key Requirements PROMPT example:

Lifetime Non Compete Agreement

"I need a Lifetime Non-Compete Agreement under Nigerian law for our tech startup's co-founder who is selling their shares and exiting the company in March 2025; the agreement should especially protect our AI technology and client relationships in West Africa."

Document background
The Lifetime Non-Compete Agreement is utilized in Nigerian business contexts where long-term protection of legitimate business interests is paramount. This document is particularly relevant for high-stakes business relationships involving access to critical proprietary information, trade secrets, or strategic business knowledge. While Nigerian courts generally scrutinize non-compete restrictions carefully, this agreement is structured to maximize enforceability through clear articulation of legitimate business interests, reasonable scope of restrictions, and adequate consideration. The document addresses key areas including confidential information protection, customer relationships, and competitive activities, while acknowledging the constitutional rights to freedom of movement and work under Nigerian law.
Suggested Sections

1. Parties: Identification of the parties entering into the agreement, including full legal names and addresses

2. Background: Context of the agreement, relationship between parties, and legitimate business interests justifying the non-compete restrictions

3. Definitions: Detailed definitions of key terms, including 'Competitive Business', 'Confidential Information', 'Territory', and 'Restricted Activities'

4. Consideration: Clear statement of the consideration provided in exchange for the non-compete obligations

5. Non-Compete Obligations: Core restrictions and obligations, including scope of prohibited activities and geographical limitations

6. Protection of Confidential Information: Obligations regarding confidentiality and protection of trade secrets

7. Non-Solicitation: Restrictions on soliciting employees, customers, or suppliers

8. Acknowledgments: Party acknowledgments regarding reasonableness of restrictions and receipt of independent legal advice

9. Remedies: Available remedies for breach, including injunctive relief and damages

10. Severability: Provisions for partial enforcement if any terms are found unenforceable

11. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction for disputes

12. Execution: Signature blocks and execution requirements

Optional Sections

1. Garden Leave: Provisions for paid non-compete period, recommended when immediate competition risk exists

2. Assignment Rights: Rights to assign the agreement, particularly relevant for corporate restructuring

3. Monitoring and Compliance: Procedures for monitoring compliance with non-compete obligations, useful for high-risk situations

4. Alternative Dispute Resolution: Mediation or arbitration provisions, recommended for complex business relationships

5. Return of Property: Obligations regarding return of company property, relevant when party had access to physical assets

6. Survival Clause: Specification of which provisions survive termination, important for complex agreements

Suggested Schedules

1. Schedule 1 - Restricted Territory: Detailed description and/or maps of geographical areas covered by restrictions

2. Schedule 2 - Restricted Activities: Comprehensive list of prohibited business activities and sectors

3. Schedule 3 - Consideration Details: Breakdown of consideration, including payment terms and conditions

4. Schedule 4 - Confidential Information: Detailed list of types of confidential information covered

5. Appendix A - Compliance Certificate: Form of periodic compliance certification

6. Appendix B - Notice Requirements: Detailed procedures for serving notices under the agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºÚÁÏÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























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Relevant Industries

Technology

Financial Services

Pharmaceuticals

Manufacturing

Oil and Gas

Professional Services

Healthcare

Telecommunications

Research and Development

Consumer Goods

Industrial Technology

Business Consulting

Relevant Teams

Executive Leadership

Research and Development

Product Development

Strategic Planning

Business Development

Technical Operations

Corporate Strategy

Innovation

Engineering

Legal and Compliance

Relevant Roles

Chief Executive Officer

Managing Director

Chief Technology Officer

Senior Research Scientist

Company Founder

Executive Director

Head of Research and Development

Chief Financial Officer

Senior Business Development Manager

Technical Director

Chief Operating Officer

Senior Product Manager

Principal Engineer

Head of Strategy

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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