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Agreement Not To Work For Competitor
"I need an Agreement Not To Work For Competitor for a senior software engineer in our Manila-based fintech company, with a 12-month restriction period starting from March 2025 and covering major Southeast Asian financial hubs."
1. Parties: Identifies and provides full details of the employer and employee entering into the agreement
2. Background: Explains the context of the agreement, including the employee's role and access to confidential information
3. Definitions: Defines key terms including 'Competitive Business', 'Confidential Information', 'Restricted Period', and 'Restricted Territory'
4. Non-Competition Obligations: Details the specific competitive activities the employee agrees not to engage in, including reasonable temporal and geographical limitations
5. Duration of Restrictions: Specifies the time period during which the non-compete obligations will apply post-employment
6. Geographic Scope: Defines the specific geographic areas where the restrictions apply
7. Consideration: Specifies the consideration provided to the employee in exchange for the non-compete obligations
8. Acknowledgments: Employee's acknowledgment of the reasonableness of restrictions and receipt of confidential information
9. Remedies: Outlines the remedies available to the employer in case of breach, including injunctive relief
10. General Provisions: Standard contract clauses including governing law, severability, and entire agreement provisions
1. Non-Solicitation of Customers: Additional restrictions on soliciting or dealing with company customers, used when employee has significant customer relationships
2. Non-Solicitation of Employees: Restrictions on recruiting other employees, included when employee has leadership role or significant influence
3. Garden Leave: Provisions for paid leave during notice period, used for senior executives or highly sensitive roles
4. Training Reimbursement: Provisions requiring reimbursement of training costs if employee leaves within specified period, used when significant training investment is involved
5. Intellectual Property Rights: Additional provisions protecting company IP, used when employee is involved in creative or technical work
1. Schedule 1 - Restricted Territory: Detailed map or list of geographic areas where restrictions apply
2. Schedule 2 - Competitive Businesses: Comprehensive list of competitors or types of competing businesses
3. Schedule 3 - Consideration Details: Breakdown of any financial compensation or benefits provided as consideration
4. Appendix A - Confidential Information: Categories of confidential information the employee has accessed
5. Appendix B - Employee's Position and Duties: Detailed description of employee's role and responsibilities justifying the restrictions
Authors
Agreement
Business
Company
Competitive Business
Confidential Information
Effective Date
Employee
Employer
Group
Intellectual Property Rights
Material Interest
Notice Period
Participating
Prohibited Area
Restricted Business
Restricted Clients
Restricted Period
Restricted Territory
Services
Termination Date
Trade Secrets
Undertaking
Working Day
Non-Competition
Duration of Restrictions
Geographic Scope
Consideration
Non-Solicitation of Customers
Non-Solicitation of Employees
Confidentiality
Trade Secrets Protection
Garden Leave
Intellectual Property
Acknowledgments and Representations
Reasonableness of Restrictions
Remedies
Injunctive Relief
Severability
Assignment
Modification
Governing Law
Jurisdiction
Entire Agreement
Notice
Waiver
Survival
Execution
Technology
Financial Services
Manufacturing
Professional Services
Healthcare
Telecommunications
Retail
Consumer Goods
Pharmaceuticals
Information Technology
Management Consulting
Banking
Insurance
Real Estate
Energy
Executive Leadership
Sales
Research and Development
Information Technology
Product Development
Business Development
Operations
Finance
Marketing
Human Resources
Legal
Customer Success
Engineering
Professional Services
Strategy
Chief Executive Officer
Chief Technology Officer
Senior Software Engineer
Sales Director
Account Manager
Research Scientist
Product Manager
Business Development Manager
Financial Controller
Operations Director
Marketing Manager
Technical Lead
Regional Sales Manager
Senior Consultant
Department Head
Vice President
Managing Director
Chief Financial Officer
Senior Account Executive
Research and Development Manager
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