Business Sale Non Compete Agreement Template for Philippines

1. Non-Solicitation of Employees: Additional restrictions on hiring or soliciting employees, used when protection of workforce is crucial

2. Non-Solicitation of Customers: Restrictions on approaching customers, used when customer relationships are particularly valuable

3. Training and Transition: Provisions for business transition support, used when knowledge transfer is critical

4. Intellectual Property Protection: Additional IP-related provisions, used when significant IP assets are involved

5. Tax Provisions: Specific tax-related clauses, used when complex tax implications exist

6. Assignment Rights: Rights to assign the agreement, used when future transfer of rights is contemplated

7. Dispute Resolution: Alternative dispute resolution mechanisms, used when parties prefer arbitration or mediation

1. Schedule A - Business Description: Detailed description of the business being sold

2. Schedule B - Restricted Territory: Map or detailed description of geographical restrictions

3. Schedule C - Restricted Activities: Detailed list of prohibited business activities

4. Schedule D - Consideration Details: Breakdown of consideration for non-compete obligations

5. Schedule E - Key Customers: List of key customers covered by non-solicitation (if applicable)

6. Appendix 1 - Confidential Information: Categories of protected confidential information

7. Appendix 2 - Compliance Certificate: Form of compliance certificate to be signed periodically