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Business To Business Non Compete Agreement
"I need a Business To Business Non-Compete Agreement for a Saudi software development company that will be sharing proprietary technology with a strategic partner, requiring a 3-year restriction period within the Gulf region starting from March 2025."
1. Parties: Identification of the contracting businesses, including registration details and addresses
2. Background: Context of the business relationship and purpose of the non-compete agreement
3. Definitions: Key terms used throughout the agreement, including Confidential Information, Restricted Business, Territory, etc.
4. Scope of Non-Compete: Detailed description of prohibited activities and business areas
5. Geographic Restrictions: Specific territories where the non-compete obligations apply
6. Duration: Time period for which the non-compete obligations remain in effect
7. Confidentiality Obligations: Obligations regarding the protection and non-disclosure of confidential information
8. Consideration: The business benefit or compensation provided in exchange for the non-compete obligations
9. Breach and Remedies: Consequences of violating the agreement and available legal remedies
10. Governing Law and Jurisdiction: Specification of Saudi law as governing law and relevant courts
11. General Provisions: Standard clauses including amendments, notices, and severability
1. Permitted Activities: Used when certain activities need to be explicitly excluded from the non-compete restrictions
2. Assignment: Include when transfer of rights needs to be addressed, particularly relevant for larger corporations
3. Non-Solicitation: Added when protection against customer or employee poaching is needed
4. Compliance with Sharia: Explicit section on Sharia compliance, particularly important when dealing with international parties
5. Dispute Resolution: Alternative dispute resolution mechanisms, included when parties prefer arbitration over court proceedings
6. Force Majeure: Include when parties want to address extraordinary circumstances affecting compliance
7. Language: Include when agreement is drafted in multiple languages to specify controlling version
1. Schedule 1 - Restricted Business Activities: Detailed list of specific business activities covered by the non-compete
2. Schedule 2 - Territorial Maps: Maps or detailed descriptions of geographical areas covered by restrictions
3. Schedule 3 - Affiliated Companies: List of related companies or subsidiaries bound by the agreement
4. Schedule 4 - Consideration Details: Detailed breakdown of any financial or business considerations
5. Appendix A - Compliance Certificate: Template for periodic compliance certification if required
6. Appendix B - Confidential Information: Detailed categorization of protected confidential information
Authors
Technology
Manufacturing
Professional Services
Healthcare
Financial Services
Energy & Resources
Telecommunications
Retail & Consumer Goods
Construction & Engineering
Consulting Services
Software Development
Research & Development
Pharmaceuticals
Industrial Services
Education & Training
Legal
Compliance
Business Development
Corporate Affairs
Commercial Operations
Executive Leadership
Risk Management
Strategic Planning
Mergers & Acquisitions
Corporate Governance
Chief Executive Officer
Managing Director
Legal Counsel
Business Development Manager
Commercial Director
Compliance Officer
Contract Manager
Corporate Lawyer
Chief Legal Officer
Chief Operating Officer
Strategic Planning Director
General Manager
Head of Business Development
Chief Commercial Officer
Partnership Manager
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