Document background
The Lifetime Non-Compete Agreement is a specialized legal instrument used in situations where long-term protection of business interests is paramount, such as company acquisitions, partnership dissolutions, or employment of key executives with access to critical proprietary information. While Austrian law generally limits the duration and scope of non-compete restrictions, this agreement attempts to establish the maximum permissible protections while incorporating flexibility mechanisms to maintain partial enforceability. The document is particularly relevant in scenarios involving substantial business investments, transfer of significant intellectual property, or protection of valuable trade secrets. It must be carefully structured to comply with Austrian labor law, civil code provisions, and competition regulations, while providing appropriate consideration for the restrictions imposed.
