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Non Compete Non Solicitation Agreement
"I need a Non Compete Non Solicitation Agreement for a senior software developer in Singapore who will be leaving our fintech company in March 2025, with restrictions covering Southeast Asia and a duration of 12 months, particularly focusing on protecting our proprietary trading algorithms and client relationships."
1. Parties: Identification of all parties to the agreement, including full legal names and addresses
2. Background: Context of the agreement, including the employment relationship and reason for the restrictions
3. Definitions: Key terms used tHRoughout the agreement, including 'Restricted Business', 'Territory', 'Confidential Information', etc.
4. Non-Compete Obligations: Specific restrictions on competing activities, including duration and geographical scope
5. Non-Solicitation Obligations: Restrictions on soliciting employees, customers, and business partners
6. Duration: Time period for which the restrictions apply
7. Geographic Scope: Territorial limitations of the restrictions
8. Governing Law: Specification of Singapore law as governing law
1. Garden Leave: Terms regarding paid leave during notice period - used when employment agreement includes garden leave provisions
2. Consideration: Details of additional compensation for these restrictions - used when specific consideration is being provided for the restrictions
3. Severability: Provisions for partial enforcement if certain terms are found invalid - used when agreement contains multiple separate restrictions
4. Remedies: Specific remedies for breach, including injunctive relief - used when specific enforcement mechanisms are desired
1. Schedule 1 - Restricted Territory: Detailed map or list of geographical areas covered by restrictions
2. Schedule 2 - Restricted Customers: List of specific customers covered by non-solicitation provisions
3. Schedule 3 - Restricted Business: Detailed description of business activities covered by restrictions
4. Appendix A - Consideration Details: Breakdown of any financial compensation provided for the restrictions
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