The Standard Non-Compete Agreement is a crucial legal document used in Nigerian business relationships to protect legitimate business interests from competition. It is commonly implemented when hiring key employees, engaging contractors, or completing business transactions where one party gains access to sensitive information or valuable business relationships. The agreement must comply with Nigerian constitutional principles, the Federal Competition and Consumer Protection Act, and relevant employment laws. It typically includes specific restrictions on competitive activities, geographical limitations, time periods, and provisions for protecting confidential information. The document must be carefully drafted to ensure enforceability under Nigerian law, which requires restrictions to be reasonable and not overly broad. This type of agreement is particularly important in industries with high employee mobility or where protection of trade secrets and customer relationships is vital.

1. Parties: Identification of the parties entering into the agreement, including full legal names and addresses

2. Background: Context of the agreement, relationship between parties, and legitimate business interests being protected

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

4. Scope of Non-Compete: Detailed description of prohibited competitive activities and business areas

5. Duration: Time period for which the non-compete obligations will remain in effect

6. Geographic Limitation: Specific geographical areas where the non-compete restrictions apply

7. Consideration: The compensation or benefit provided in exchange for the non-compete obligations

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

9. Confidentiality Obligations: Requirements regarding the protection of confidential information

10. Acknowledgments: Party's acknowledgment of reasonableness of restrictions and receipt of consideration

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

12. General Provisions: Standard clauses including governing law, severability, and modification