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NDA And Non Compete Agreement

NDA And Non Compete Agreement Template for New Zealand

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Key Requirements PROMPT example:

NDA And Non Compete Agreement

"I need an NDA and Non-Compete Agreement for new software developers joining my tech startup in March 2025, with specific focus on protecting our AI algorithms and preventing them from working with competing firms in New Zealand for 12 months after employment ends."

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Document background
This NDA and Non-Compete Agreement is designed for use in New Zealand business contexts where organizations need to protect both their confidential information and competitive position. The document is particularly relevant when sharing sensitive business information, trade secrets, or intellectual property with employees, contractors, or business partners. It includes comprehensive provisions for maintaining confidentiality and restricting post-engagement competitive activities, all structured to comply with New Zealand legal requirements. The agreement is commonly used during employment, contractor engagement, business partnerships, or potential business transactions where parties need to share sensitive information while ensuring future protection of business interests. Special attention is given to ensuring the non-compete provisions are reasonable and enforceable under New Zealand law.
Suggested Sections

1. Parties: Identifies and defines the parties entering into the agreement

2. Background: Explains the context and purpose of the agreement, including the business relationship between the parties

3. Definitions: Defines key terms used throughout the agreement, including 'Confidential Information', 'Competing Business', and 'Restricted Period'

4. Confidentiality Obligations: Details the obligations regarding handling, protecting, and non-disclosure of confidential information

5. Permitted Disclosures: Specifies circumstances under which confidential information may be disclosed

6. Non-Compete Obligations: Defines the scope, duration, and geographic limitations of non-compete restrictions

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

8. Return of Confidential Information: Requirements for returning or destroying confidential information upon request or termination

9. Term and Termination: Duration of the agreement and circumstances for termination

10. Breach and Remedies: Consequences of breach and available remedies including injunctive relief

11. General Provisions: Standard clauses including governing law, jurisdiction, and entire agreement

Optional Sections

1. Intellectual Property Rights: Additional provisions regarding ownership and protection of IP, used when confidential information includes IP elements

2. Data Protection: Specific obligations regarding personal data protection, required when confidential information includes personal data

3. Audit Rights: Rights to audit compliance with confidentiality obligations, useful for high-security situations

4. Insurance Requirements: Obligations to maintain specific insurance coverage, relevant for high-risk situations

5. Dispute Resolution: Alternative dispute resolution procedures, recommended for international agreements

6. Garden Leave: Provisions for paid leave during notice period, relevant for employment-related agreements

7. Severability of Restrictions: Specific provisions allowing court modification of unreasonable restrictions, recommended for complex non-compete provisions

Suggested Schedules

1. Schedule 1 - Confidential Information: Detailed list or categories of information considered confidential

2. Schedule 2 - Restricted Business Activities: Specific description of prohibited competitive activities

3. Schedule 3 - Restricted Territory: Geographic scope of non-compete restrictions with specific boundaries

4. Schedule 4 - Restricted Clients/Customers: List of specific clients/customers covered by non-solicitation provisions

5. Schedule 5 - Security Protocols: Specific procedures for handling and protecting confidential information

6. Appendix A - Acknowledgment Form: Form for employees/contractors to acknowledge receipt and understanding of obligations

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























Clauses


























Relevant Industries

Technology

Financial Services

Professional Services

Healthcare

Manufacturing

Research and Development

Biotechnology

Retail

Telecommunications

Software Development

Engineering

Consulting

Media and Entertainment

Education

Pharmaceuticals

Relevant Teams

Legal

Human Resources

Executive Leadership

Research and Development

Sales

Information Technology

Product Development

Business Development

Operations

Finance

Marketing

Engineering

Customer Success

Professional Services

Strategy

Relevant Roles

Chief Executive Officer

Chief Technology Officer

Senior Developer

Sales Director

Business Development Manager

Research Scientist

Product Manager

Senior Consultant

Financial Analyst

Human Resources Director

Operations Manager

Technical Lead

Project Manager

Account Executive

Marketing Director

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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