Nov
Non-Competition Agreement by Seller of a Business – Long Form
Non-Competition Agreement by Seller of a Business – Long Form
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Non-Competition agreement given by seller of a business to the buyer of the business (long form). In this agreement the seller will agree that he/she will not engage directly or indirectly in a business that competes with the business being sold. In addition, this agreement includes provisions regarding confidentiality and non-solicitation of employees and customers.
Among others, this form includes the following provisions:
• Non-Competition
• Non-Solicitation of Employees
• Non-Solicitation of Customers
• Definitions
• Covenants of Seller
• Rights and Remedies Upon Breach