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Real Estate Non Compete Agreement
"I need a Real Estate Non-Compete Agreement for a senior property manager leaving our Sydney-based agency, with a 2-year restriction period within a 25km radius of our office locations, including specific provisions for protecting our commercial property client relationships."
1. Parties: Identification of all parties to the agreement, including full legal names and addresses
2. Background: Context of the agreement, relationship between parties, and purpose of the non-compete restrictions
3. Definitions: Detailed definitions of key terms including 'Restricted Business', 'Territory', 'Restricted Period', and 'Confidential Information'
4. Non-Compete Obligations: Core restrictions and specific prohibited activities in the real estate sector
5. Duration and Territory: Temporal and geographical scope of the restrictions
6. Exceptions and Permitted Activities: Specific activities that are explicitly allowed despite the general restrictions
7. Confidentiality Obligations: Protection of confidential information and trade secrets
8. Acknowledgments: Parties' acknowledgment of the reasonableness of restrictions and receipt of consideration
9. Remedies: Available remedies for breach, including injunctive relief and damages
10. General Provisions: Standard contract clauses including governing law, severability, and entire agreement
1. Non-Solicitation: Additional restrictions on soliciting clients or employees, used when the agreement covers both non-compete and non-solicitation
2. Training and Support: Provisions regarding any training or support provided as consideration, included when specific business knowledge is transferred
3. Assignment and Succession: Rules for transferring rights under the agreement, included for larger businesses or when succession planning is relevant
4. Dispute Resolution: Specific procedures for resolving disputes, included when parties want to specify mediation or arbitration processes
5. Compliance with Industry Regulations: Specific provisions relating to real estate industry regulations, included when parties operate in heavily regulated markets
1. Schedule 1 - Restricted Territory: Detailed map or description of the geographical areas covered by the restrictions
2. Schedule 2 - Restricted Activities: Comprehensive list of specific real estate activities that are prohibited
3. Schedule 3 - Consideration: Details of any consideration provided in exchange for the non-compete obligations
4. Schedule 4 - Existing Clients: List of clients or properties that are subject to specific provisions
5. Appendix A - Industry Codes: Relevant real estate industry codes of conduct or regulations referenced in the agreement
Authors
Real Estate
Property Management
Property Development
Commercial Property
Residential Property
Real Estate Investment
Property Services
Real Estate Brokerage
Property Consulting
Legal
Human Resources
Operations
Sales
Property Management
Business Development
Compliance
Executive Leadership
Risk Management
Commercial Property
Real Estate Agent
Property Manager
Real Estate Broker
Sales Director
Business Development Manager
Agency Principal
Franchise Owner
Property Consultant
Real Estate Partner
Sales Manager
Chief Executive Officer
Operations Manager
Regional Manager
Branch Manager
Commercial Property Agent
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