Ƶ

Non Compete In Severance Agreement Template for Hong Kong

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Non Compete In Severance Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Non Compete In Severance Agreement

I need a Non Compete In Severance Agreement for a departing Chief Technology Officer in Hong Kong's fintech sector, with a 12-month restriction period covering the Asia-Pacific region and specific provisions protecting our proprietary trading algorithms.

Document background
The Non-Compete In Severance Agreement is a crucial document used in Hong Kong employment contexts when terminating employment relationships with key personnel who have access to sensitive business information or significant client relationships. It serves the dual purpose of documenting the terms of the employee's departure and protecting the company's legitimate business interests. The agreement is particularly relevant in Hong Kong's competitive business environment, where employee mobility between competing firms is common. It must comply with Hong Kong employment law, including the Employment Ordinance and common law principles regarding restraint of trade. The document typically includes detailed provisions about severance payments, benefits, restricted activities, geographical limitations, and duration of restrictions, all carefully balanced to ensure enforceability under Hong Kong law.
Suggested Sections

1. Parties: Identification of the employer and employee, including their full legal names and addresses

2. Background: Context of the employment relationship, reason for termination, and basis for the agreement

3. Definitions: Key terms used throughout the agreement, including 'Restricted Business', 'Territory', 'Confidential Information', etc.

4. Severance Payment: Details of the severance package, payment schedule, and conditions for payment

5. Non-Compete Obligations: Specific restrictions on competitive activities, including duration and geographical scope

6. Non-Solicitation: Restrictions on soliciting employees, customers, or suppliers

7. Confidentiality: Obligations regarding confidential information and trade secrets

8. Return of Company Property: Requirements for returning company assets and documents

9. Acknowledgments: Employee's confirmation of understanding and voluntary acceptance

10. Enforcement and Remedies: Legal consequences of breach and available remedies

11. Governing Law and Jurisdiction: Specification of Hong Kong law and courts' jurisdiction

12. General Provisions: Standard clauses including severability, entire agreement, and amendments

Optional Sections

1. Transition Period: Used when the employee needs to assist with handover of duties or projects

2. Intellectual Property Rights: Include when specific IP assignments or ongoing obligations exist

3. Customer Relationships: Added when there are specific client relationships to protect

4. Equity/Share Options: Required if the employee has company shares or stock options

5. Reference and Announcements: Include when parties agree on specific communication about the separation

6. Ongoing Cooperation: Used when employee's assistance may be needed for future matters

7. Garden Leave: Include if there's a period where employee remains employed but not working

8. Tax Indemnity: Added when tax implications need specific addressing

Suggested Schedules

1. Schedule 1 - Severance Payment Details: Detailed breakdown of severance package components and payment schedule

2. Schedule 2 - Restricted Territory: Detailed geographical scope of non-compete restrictions with specific locations

3. Schedule 3 - Restricted Businesses: Detailed list of competitor businesses or prohibited activities

4. Schedule 4 - Company Property: Inventory of company assets to be returned

5. Schedule 5 - Confidential Information: Specific categories of confidential information covered

6. Appendix A - Acknowledgment Form: Form for employee to sign acknowledging receipt of severance and acceptance of terms

7. Appendix B - Release of Claims: Detailed release of legal claims against the employer

Authors

Alex Denne

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

Relevant legal definitions































Clauses































Relevant Industries

Financial Services

Technology

Professional Services

Manufacturing

Healthcare

Retail and Consumer Goods

Telecommunications

Insurance

Real Estate

Biotechnology

Management Consulting

Investment Banking

Relevant Teams

Human Resources

Legal

Finance

Executive Leadership

Sales

Business Development

Research & Development

Information Technology

Operations

Client Services

Product Development

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Technology Officer

Managing Director

Senior Vice President

Director of Sales

Head of Business Development

Senior Manager

Regional Manager

Key Account Manager

Senior Software Engineer

Research Director

Product Manager

Investment Manager

Principal Consultant

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

Find the exact document you need

Non Compete Agreement Severance Package

A Hong Kong law-governed agreement combining non-compete restrictions with severance compensation, establishing post-employment obligations and benefits.

find out more

Employee Mutual Separation Agreement

A Hong Kong law-governed agreement documenting mutually agreed employment termination terms between employer and employee.

find out more

Non Compete Non Solicitation Agreement

A Hong Kong law-governed agreement that restricts competitive activities and solicitation of customers/employees following employment or business relationship termination.

find out more

Non Compete Agreement Business To Business

A Hong Kong law-governed agreement restricting competitive activities between businesses, defining scope, duration, and territorial limitations while ensuring compliance with local competition laws.

find out more

Non Compete Agreement Between Companies

A Hong Kong-governed agreement restricting competitive activities between companies, defining scope, duration, and territorial limits of non-compete obligations.

find out more

Lifetime Lease Agreement

A Hong Kong law-governed agreement establishing a lease for the lifetime of the tenant, detailing rights, obligations, and succession provisions.

find out more

Deed Of Indemnity Form

A Hong Kong law-governed deed where one party agrees to protect another against specified losses or liabilities, providing formal legal protection and risk allocation.

find out more

Non Transferable Software License

A Hong Kong law-governed agreement granting non-transferable rights to use proprietary software while protecting the provider's intellectual property rights.

find out more

Non Compete For Independent Contractors

Hong Kong-governed non-compete agreement restricting independent contractors from engaging in competitive activities post-engagement, with provisions aligned with Hong Kong common law requirements.

find out more

Non Compete In Severance Agreement

A Hong Kong law-governed agreement combining severance terms with non-compete restrictions for departing employees, protecting business interests while providing separation benefits.

find out more

Agreement Not To Work For Competitor

A Hong Kong law-governed agreement restricting an employee from working for competitors post-employment, including non-solicitation and confidentiality provisions.

find out more

International NDA Agreement

Hong Kong law-governed international confidentiality agreement for protecting sensitive information in cross-border business relationships.

find out more

Non Compete Non Disclosure Agreement

A Hong Kong law-governed agreement combining non-compete and confidentiality obligations to protect business interests and confidential information.

find out more

Non Compete Contract

A Hong Kong-governed agreement that restricts an employee's ability to compete with their former employer, subject to reasonable limitations under Hong Kong law.

find out more

Insurance Affidavit

A sworn legal document used in Hong Kong insurance matters, containing declarations regarding insurance-related facts or circumstances, executed under oath according to Hong Kong law.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.