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Non Compete Agreement Software Developers
"I need a Non Compete Agreement Software Developers for our Singapore-based fintech startup, specifically to protect our proprietary trading algorithms and prevent our senior developers from joining direct competitors in Southeast Asia for 12 months after leaving."
1. Parties: Identification of the employer and employee, including full legal names and addresses
2. Background: Context of the agreement, employment relationship, and reason for non-compete provisions
3. Definitions: Key terms used in the agreement, including 'Confidential Information', 'Competitive Business', 'Restricted Period'
4. Non-Compete Obligations: Core restrictions including duration, geographical scope, and prohibited activities
5. Duration and Geographic Scope: Specific timeframe and territorial limits of the restrictions
6. Consideration: The benefit provided to the employee in exchange for the restrictions
7. Governing Law: Specification of Singapore law as governing law
1. Non-Solicitation Provisions: Additional restrictions on soliciting clients or employees, used when client relationships are crucial
2. Garden Leave: Provisions for paid leave during notice period, used for senior positions
3. Intellectual Property Rights: Additional IP protection clauses, used when significant IP is involved
4. Severability: Provisions for partial enforcement if parts are found invalid
1. Schedule of Restricted Businesses: List of specific competitors or business types covered by the restriction
2. Schedule of Restricted Territories: Detailed geographical areas where restrictions apply
3. Schedule of Confidential Information: Specific types of information considered confidential
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