Non-Compete Agreement Template

This Non-Compete Agreement (the “Agreement”) is entered into as of [Effective Date] by and between [Company Name] (“Company”) and [Individual Name] (“Individual”).

1. Restrictions

Individual agrees not to compete with Company in [Geographic Area] for [Duration] after termination of employment or engagement.

2. Scope of Restricted Activities

Restricted activities include [Describe Activities] that are materially similar to Company’s business.

3. Consideration

In exchange for these restrictions, Company provides [Consideration].

4. Reasonableness

The Parties agree the restrictions are reasonable and necessary to protect Company’s legitimate business interests.

5. Severability and Blue Pencil

If any restriction is unenforceable, it will be modified to the minimum extent necessary to be enforceable. If any provision of this Agreement is held to be invalid, illegal, or unenforceable, the remaining provisions will continue in full force and effect.

6. Governing Law

This Agreement is governed by the laws of [Governing Law Jurisdiction].

7. Entire Agreement

This Agreement constitutes the entire understanding between the Parties and supersedes all prior negotiations, understandings, and agreements. No representations or statements not contained in this Agreement will be binding.

8. Amendment

This Agreement may only be amended or modified by a written document signed by both Parties.

9. Waiver

No waiver of any provision of this Agreement will be deemed or will constitute a waiver of any other provision, nor will any waiver constitute a continuing waiver unless otherwise expressly stated.

10. Assignment

Neither Party may assign this Agreement or any rights or obligations hereunder without the prior written consent of the other Party.