A Non-Compete Contract is a crucial legal instrument used in New Zealand business contexts to protect legitimate business interests by preventing competition from former employees, business partners, or other parties who have had access to sensitive information or relationships. This document is typically used during employment termination, business sales, partnership dissolutions, or when engaging contractors who will have access to valuable business information. The agreement must carefully balance the protection of business interests with New Zealand legal requirements for restraint of trade, ensuring restrictions are reasonable in duration, geographic scope, and activities prohibited. It should include clear definitions of restricted activities, territory, and time period, while providing adequate consideration to the restricted party. The document must comply with New Zealand's Employment Relations Act 2000 and Contract and Commercial Law Act 2017, among other relevant legislation.

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

2. Background: Context of the agreement, including the nature of the employment/business relationship and reason for the non-compete

3. Definitions: Key terms used in the agreement, including 'Confidential Information', 'Restricted Business', 'Territory', and 'Restricted Period'

4. Scope of Restrictions: Detailed description of prohibited activities, including competing businesses, solicitation of customers/employees

5. Duration and Territory: Specific timeframe and geographic area where restrictions apply

6. Consideration: Details of what the restricted party receives in exchange for accepting the restrictions

7. Acknowledgments: Party's confirmation that restrictions are reasonable and necessary

8. Exceptions: Circumstances where restrictions don't apply

9. Breach and Remedies: Consequences of violating the agreement and available remedies

10. General Provisions: Standard contract clauses including governing law, severability, and entire agreement