Document background
The Vendor Non-Compete Agreement is essential for businesses operating in Nigeria who need to protect their legitimate interests when engaging with vendors who may gain access to sensitive information, trade secrets, or strategic business knowledge. This document becomes particularly important in the Nigerian business context where vendor relationships often involve significant knowledge transfer and access to proprietary information. The agreement must be carefully structured to comply with Nigerian competition law, particularly the Federal Competition and Consumer Protection Act 2018, while remaining commercially practical. It typically includes provisions for non-competition, non-solicitation, and confidentiality, with specific attention to reasonable geographical and temporal limitations to ensure enforceability under Nigerian law. The agreement is designed to protect the company's interests while balancing the vendor's right to trade and maintain business activities that don't directly compete with the company's core interests.
