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Deed Of Non Competition

Deed Of Non Competition Template for Philippines

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Key Requirements PROMPT example:

Deed Of Non Competition

"I need a Deed of Non-Competition for a senior software developer leaving our tech company in Manila, with a 12-month restriction period starting March 2025, covering the Philippines and preventing work with direct competitors in the fintech sector."

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Document background
The Deed of Non Competition is a crucial legal instrument in Philippine business practice, designed to protect legitimate business interests while ensuring compliance with local laws and regulations. It is commonly used in employment terminations, business sales, partnership dissolutions, or when engaging key personnel with access to sensitive information. The deed must carefully balance the protection of business interests against constitutional rights to trade and employment, requiring specific attention to reasonableness in terms of duration, geographical scope, and restricted activities. Under Philippine law, non-compete provisions must be supported by adequate consideration and must not constitute an unreasonable restraint of trade. This document is particularly important in scenarios involving senior executives, technical experts, or business owners where protection of trade secrets, customer relationships, and competitive advantage is paramount.
Suggested Sections

1. Parties: Identification of all parties to the deed, including full legal names and addresses

2. Background: Context of the agreement, relationship between parties, and basis for the non-compete obligations

3. Definitions: Detailed definitions of key terms used throughout the deed, including 'Restricted Business', 'Territory', and 'Restricted Period'

4. Non-Competition Obligations: Core restrictions and specific activities prohibited during the restricted period

5. Duration and Territory: Specific timeframe and geographical scope of the non-compete restrictions

6. Consideration: Details of the consideration provided in exchange for the non-compete obligations

7. Acknowledgments: Parties' acknowledgments regarding reasonableness of restrictions and independent legal advice

8. Remedies: Available remedies in case of breach, including injunctive relief and damages

9. Severability: Provisions for severing invalid clauses while maintaining the remainder of the agreement

10. Governing Law and Jurisdiction: Specification of Philippine law as governing law and jurisdiction for disputes

11. Execution: Formal execution provisions and signature blocks

Optional Sections

1. Confidential Information: Additional provisions protecting confidential information, used when the non-compete involves access to sensitive business information

2. Intellectual Property Protection: Specific provisions regarding IP rights, used when the restricted business involves intellectual property

3. Garden Leave: Provisions for paid leave during notice period, used in employment-related non-compete situations

4. Non-Solicitation: Additional restrictions on soliciting employees, customers, or suppliers, used when business relationships need protection

5. Assignment Rights: Rights to assign the agreement to third parties, used in corporate transactions

6. Survival Clause: Provisions specifying which obligations survive termination, used in complex business relationships

Suggested Schedules

1. Schedule 1 - Restricted Territory: Detailed description and/or maps of the geographical areas covered by the restrictions

2. Schedule 2 - Restricted Business Activities: Comprehensive list of specific business activities covered by the non-compete

3. Schedule 3 - Consideration Details: Detailed breakdown of consideration, payment terms, and conditions

4. Appendix A - Related Companies: List of affiliated companies or subsidiaries covered by the restrictions

5. Appendix B - Competitor List: If applicable, specific list of competitor companies or business types

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

alex.den.21@genieai.co
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Relevant Industries

Technology

Professional Services

Financial Services

Healthcare

Manufacturing

Retail

Food and Beverage

Telecommunications

Pharmaceuticals

Consumer Goods

Education

Media and Entertainment

Energy

Consulting

Relevant Teams

Legal

Executive Leadership

Human Resources

Sales

Research and Development

Product Development

Operations

Information Technology

Business Development

Finance

Strategy

Corporate Development

Relevant Roles

Chief Executive Officer

Chief Technology Officer

Sales Director

Senior Software Engineer

Business Development Manager

Regional Manager

Technical Lead

Research Director

Product Manager

Managing Director

Senior Consultant

Department Head

Vice President

Chief Financial Officer

Operations Manager

Key Account Manager

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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