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Non Compete Agreement Between Business Partners Template for Saudi Arabia

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Key Requirements PROMPT example:

Non Compete Agreement Between Business Partners

"I need a Non Compete Agreement Between Business Partners for a technology consulting firm in Riyadh, restricting partners from competing within Saudi Arabia's major cities for 2 years after partnership termination, with specific provisions for protecting client relationships and proprietary software."

Document background
The Non Compete Agreement Between Business Partners is essential in Saudi Arabian business relationships where partners seek to protect their mutual business interests and prevent unfair competition. This document is particularly relevant when establishing new partnerships, during business expansions, or when partners are planning potential future separations. It must comply with Saudi Arabian commercial law, Companies Law, and Shariah principles, making it distinct from similar agreements in other jurisdictions. The agreement typically includes specific provisions about restricted activities, geographical limitations, duration of restrictions, and consequences of breach, all tailored to be enforceable under Saudi law. It's commonly used in various business structures including partnerships, limited liability companies, and joint ventures operating within the Kingdom.
Suggested Sections

1. Parties: Identification of all business partners entering into the agreement, including their full legal names, addresses, and commercial registration details

2. Background: Context of the business relationship and reasons for entering into the non-compete agreement

3. Definitions: Clear definitions of key terms used throughout the agreement, including 'Competitive Activity', 'Restricted Territory', 'Confidential Information', etc.

4. Scope of Non-Compete: Detailed description of prohibited competitive activities and business areas covered by the restriction

5. Geographic Limitations: Specific geographical areas where the non-compete restrictions apply

6. Duration: Time period for which the non-compete obligations remain in effect

7. Confidentiality Obligations: Provisions regarding the protection and non-disclosure of confidential information

8. Consideration: Description of the consideration or benefit provided in exchange for the non-compete obligations

9. Breach and Remedies: Consequences of breaching the agreement and available remedies

10. Governing Law and Jurisdiction: Specification of Saudi law as governing law and designation of competent courts

11. Notices: Procedures for giving formal notices under the agreement

12. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments

Optional Sections

1. Post-Partnership Obligations: Specific obligations that continue after the partnership ends, used when partners anticipate future separation

2. Assignment Rights: Rules regarding the ability to transfer rights under the agreement, included for more complex business structures

3. Dispute Resolution: Alternative dispute resolution procedures, included when parties prefer arbitration or mediation

4. Non-Solicitation: Provisions preventing solicitation of employees, customers, or suppliers, included when these are specific concerns

5. Training and Trade Secrets: Provisions regarding specialized training and trade secrets, included when significant intellectual property is involved

6. Compliance with Shariah: Specific provisions ensuring compliance with Islamic law principles, included when explicitly required

Suggested Schedules

1. Schedule 1 - Restricted Business Activities: Detailed list of specific business activities that are prohibited under the agreement

2. Schedule 2 - Restricted Territory: Detailed maps or descriptions of geographical areas covered by the restrictions

3. Schedule 3 - Confidential Information: Comprehensive list of types of confidential information covered by the agreement

4. Schedule 4 - Existing Business Interests: Declaration of current business interests of all parties

5. Appendix A - Competition Laws Compliance: Summary of relevant Saudi competition laws and compliance requirements

6. Appendix B - Partner Details: Detailed information about each partner including business registration numbers and contact details

Authors

Alex Denne

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

Relevant legal definitions



































Clauses




























Relevant Industries

Professional Services

Technology

Manufacturing

Retail

Healthcare

Construction

Financial Services

Consulting

Real Estate

Education

Food and Beverage

Transportation and Logistics

Energy

Telecommunications

Relevant Teams

Legal

Compliance

Corporate Governance

Executive Leadership

Business Development

Operations

Risk Management

Corporate Affairs

Strategic Planning

Partnership Management

Relevant Roles

CEO

Managing Director

Business Partner

Legal Counsel

Chief Legal Officer

Company Secretary

Business Development Director

Operations Director

Chief Operating Officer

Compliance Officer

Partnership Manager

Executive Director

Board Member

General Manager

Corporate Governance Officer

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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