Release Of Non Compete Agreement Template for Singapore

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Key Requirements PROMPT example:

Release Of Non Compete Agreement

"I need a Release of Non-Compete Agreement to free our former Senior Software Developer from their non-compete restrictions, as we've agreed to let them work for a competitor in exchange for maintaining certain confidentiality obligations regarding our proprietary code."

Document background

A Release of Non-Compete Agreement is utilized when an employer decides to waive previously imposed competitive restrictions on a former employee. This document is particularly relevant in Singapore's dynamic business environment where companies may need to adapt to changing market conditions or maintain good relationships with departing employees. The agreement formally documents the release, protecting both parties' interests while ensuring compliance with Singapore's employment laws and common law principles regarding restrictive covenants.

Suggested Sections

1. Parties: Identification of the employer and employee

2. Background: Reference to original employment agreement and non-compete provisions

3. Definitions: Key terms used in the agreement

4. Release: Core provision releasing the employee from non-compete obligations

5. Consideration: Statement of consideration for the release

6. Governing Law: Specification of Singapore law as governing law

7. Execution: Signature blocks and execution details

Optional Sections

1. Surviving Obligations: Specifies any obligations that continue despite the release

2. Confidentiality: Maintains confidentiality obligations separate from the non-compete release

3. Return of Property: Requirements for returning company property if not addressed elsewhere

Suggested Schedules

1. Original Non-Compete Provisions: Copy of the original non-compete clauses being released

2. List of Continuing Obligations: Details of any obligations that survive the release

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Agreement
Business
Commencement Date
Company
Confidential Information
Effective Date
Employee
Employment Agreement
Non-Compete Obligations
Non-Compete Period
Original Agreement
Parties
Release
Restricted Activities
Restricted Area
Restricted Business
Surviving Obligations
Territory

Clauses

Interpretation
Release of Non-Compete Obligations
Consideration
Acknowledgment and Agreement
Surviving Obligations
Confidentiality
Return of Property
Non-Disparagement
Mutual Release
No Admission of Liability
Amendment and Waiver
Severability
Entire Agreement
Third Party Rights
Notices
Counterparts
Governing Law
Jurisdiction

Relevant Industries

Technology
Financial Services
Professional Services
Manufacturing
Healthcare

Relevant Teams

Human Resources
Legal
Executive Leadership
Operations
Compliance

Relevant Roles

Chief Executive Officer
Senior Manager
Software Developer
Sales Director
Research Scientist

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Let's create your Release Of Non Compete Agreement

Authors

Alex Denne

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