The B2B Non-Compete Agreement is essential for Danish businesses seeking to protect their legitimate interests when engaging in commercial relationships with other businesses. This document is particularly relevant when companies enter into partnerships, supplier relationships, or strategic alliances where one party gains access to sensitive business information or market knowledge. The agreement must comply with Danish competition law and contract law principles, including reasonable limitations on duration, geography, and scope. It should be used when there is a legitimate business need to prevent competitive activities, such as in technology transfers, distribution arrangements, or joint ventures. The document includes specific provisions for consideration, enforcement mechanisms, and compliance with both Danish and EU competition regulations, making it suitable for domestic and international business relationships.
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Key Requirements PROMPT example:
B2B Non Compete Agreement
I need a B2B Non-Compete Agreement under Danish law for a software development company entering into a strategic partnership with a technology consultant, with a 2-year restriction period starting March 2025 and covering the Nordic region.
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1. Parties: Identification of the contracting parties including full legal names, company registration numbers, and registered addresses
2. Background: Context of the agreement, business relationship between parties, and purpose of the non-compete restrictions
3. Definitions: Key terms used in the agreement including 'Competitive Activities', 'Territory', 'Confidential Information', and other relevant definitions
4. Scope of Non-Compete: Detailed description of prohibited competitive activities and specific business areas covered
5. Geographic Restrictions: Definition of the territorial scope where the non-compete obligations apply
6. Duration: Time period for which the non-compete obligations remain in effect
7. Consideration: Financial or other compensation provided in exchange for the non-compete obligations
8. Confidentiality Obligations: Provisions regarding the protection and non-disclosure of confidential information
9. Breach and Remedies: Consequences of breach and available remedies including potential liquidated damages
10. General Provisions: Standard legal clauses including governing law, jurisdiction, entire agreement, and amendments
1. Non-Solicitation: Additional restrictions on soliciting employees, customers, or suppliers - include when broader protection is needed
2. Compliance with Competition Law: Specific provisions ensuring compliance with Danish and EU competition laws - include for larger businesses or when significant market impact is possible
3. Assignment: Rights and restrictions regarding transfer of agreement obligations - include when transfer rights are important to either party
4. Data Protection: GDPR compliance provisions - include when personal data processing is involved
5. Audit Rights: Rights to audit compliance with the agreement - include for high-value or high-risk agreements
6. Insurance: Requirements for insurance coverage - include when specific risks need to be covered
7. Force Majeure: Provisions for unforeseen circumstances - include when long-term obligations exist
1. Schedule 1 - Restricted Activities: Detailed list of specific activities, products, or services that are restricted under the non-compete
2. Schedule 2 - Territory: Detailed maps or lists of geographical areas where restrictions apply
3. Schedule 3 - Consideration Calculation: Detailed breakdown of compensation and payment terms
4. Schedule 4 - Confidential Information: Specific categories of confidential information covered by the agreement
5. Appendix A - Compliance Guidelines: Guidelines for ensuring compliance with the non-compete obligations
6. Appendix B - Reporting Requirements: Templates and procedures for any required compliance reporting
Authors
Relevant legal definitions
Agreement
Affiliate
Business Day
Competitive Activities
Confidential Information
Consideration
Effective Date
Group
Intellectual Property Rights
Key Personnel
Market Sector
Non-Compete Period
Parties
Products
Prohibited Activities
Protected Business
Related Persons
Restricted Period
Services
Subsidiary
Territory
Trade Secrets
Working Day
Affiliate
Business Day
Competitive Activities
Confidential Information
Consideration
Effective Date
Group
Intellectual Property Rights
Key Personnel
Market Sector
Non-Compete Period
Parties
Products
Prohibited Activities
Protected Business
Related Persons
Restricted Period
Services
Subsidiary
Territory
Trade Secrets
Working Day
Clauses
Parties
Definitions
Background
Scope of Non-Compete
Duration
Territory
Consideration
Confidentiality
Non-Solicitation
Intellectual Property
Compliance with Laws
Representations and Warranties
Breach and Remedies
Liquidated Damages
Governing Law
Jurisdiction
Force Majeure
Assignment
Severability
Entire Agreement
Notices
Amendments
Data Protection
Dispute Resolution
Third Party Rights
Waiver
Costs
Counterparts
Definitions
Background
Scope of Non-Compete
Duration
Territory
Consideration
Confidentiality
Non-Solicitation
Intellectual Property
Compliance with Laws
Representations and Warranties
Breach and Remedies
Liquidated Damages
Governing Law
Jurisdiction
Force Majeure
Assignment
Severability
Entire Agreement
Notices
Amendments
Data Protection
Dispute Resolution
Third Party Rights
Waiver
Costs
Counterparts
Relevant Industries
Technology
Manufacturing
Professional Services
Healthcare
Biotechnology
Financial Services
Retail
Software Development
Consulting
Industrial
Research and Development
Telecommunications
Pharmaceutical
Energy
Automotive
Relevant Teams
Legal
Commercial
Business Development
Procurement
Compliance
Corporate Development
Sales
Operations
Risk Management
Executive Leadership
Relevant Roles
Chief Executive Officer
Chief Legal Officer
Legal Counsel
Business Development Director
Commercial Director
Procurement Manager
Partnership Manager
Contract Manager
Head of Legal
Chief Commercial Officer
Strategic Alliance Manager
Sales Director
Operations Director
General Counsel
Compliance Officer
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