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Non Compete Agreement Between Business Partners
"I need a Non Compete Agreement Between Business Partners for a technology consulting firm in Riyadh, restricting partners from competing within Saudi Arabia's major cities for 2 years after partnership termination, with specific provisions for protecting client relationships and proprietary software."
1. Parties: Identification of all business partners entering into the agreement, including their full legal names, addresses, and commercial registration details
2. Background: Context of the business relationship and reasons for entering into the non-compete agreement
3. Definitions: Clear definitions of key terms used throughout the agreement, including 'Competitive Activity', 'Restricted Territory', 'Confidential Information', etc.
4. Scope of Non-Compete: Detailed description of prohibited competitive activities and business areas covered by the restriction
5. Geographic Limitations: Specific geographical areas where the non-compete restrictions apply
6. Duration: Time period for which the non-compete obligations remain in effect
7. Confidentiality Obligations: Provisions regarding the protection and non-disclosure of confidential information
8. Consideration: Description of the consideration or benefit provided in exchange for the non-compete obligations
9. Breach and Remedies: Consequences of breaching the agreement and available remedies
10. Governing Law and Jurisdiction: Specification of Saudi law as governing law and designation of competent courts
11. Notices: Procedures for giving formal notices under the agreement
12. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments
1. Post-Partnership Obligations: Specific obligations that continue after the partnership ends, used when partners anticipate future separation
2. Assignment Rights: Rules regarding the ability to transfer rights under the agreement, included for more complex business structures
3. Dispute Resolution: Alternative dispute resolution procedures, included when parties prefer arbitration or mediation
4. Non-Solicitation: Provisions preventing solicitation of employees, customers, or suppliers, included when these are specific concerns
5. Training and Trade Secrets: Provisions regarding specialized training and trade secrets, included when significant intellectual property is involved
6. Compliance with Shariah: Specific provisions ensuring compliance with Islamic law principles, included when explicitly required
1. Schedule 1 - Restricted Business Activities: Detailed list of specific business activities that are prohibited under the agreement
2. Schedule 2 - Restricted Territory: Detailed maps or descriptions of geographical areas covered by the restrictions
3. Schedule 3 - Confidential Information: Comprehensive list of types of confidential information covered by the agreement
4. Schedule 4 - Existing Business Interests: Declaration of current business interests of all parties
5. Appendix A - Competition Laws Compliance: Summary of relevant Saudi competition laws and compliance requirements
6. Appendix B - Partner Details: Detailed information about each partner including business registration numbers and contact details
Authors
Professional Services
Technology
Manufacturing
Retail
Healthcare
Construction
Financial Services
Consulting
Real Estate
Education
Food and Beverage
Transportation and Logistics
Energy
Telecommunications
Legal
Compliance
Corporate Governance
Executive Leadership
Business Development
Operations
Risk Management
Corporate Affairs
Strategic Planning
Partnership Management
CEO
Managing Director
Business Partner
Legal Counsel
Chief Legal Officer
Company Secretary
Business Development Director
Operations Director
Chief Operating Officer
Compliance Officer
Partnership Manager
Executive Director
Board Member
General Manager
Corporate Governance Officer
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