Non Competition Agreement
Here is a form for Non Competition Agreement.
This is an agreement between a purchaser and key stockholders in which the key stockholders agree to enter into a non-competition agreement as a condition to purchaser’s obligations under the agreement. During a set period of time, each key stockholder shall not engage in any business similar to the one conducted by the company nor shall he use or disclose any confidential information which has been proprietary to the company and subject to efforts by the company to maintain its confidentiality. The agreement contains also provisions regarding the remedies in case of breach of the agreement.
