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N101 PDF

The non-compete agreement prohibits the first party from competing with the second party's business for a specified number of years within a certain radius of the company's location. It allows the second party to seek injunctive relief without needing to post a bond if the agreement is breached. The agreement is binding upon the parties as well as their successors, assigns, and personal representatives.

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92 views1 page

N101 PDF

The non-compete agreement prohibits the first party from competing with the second party's business for a specified number of years within a certain radius of the company's location. It allows the second party to seek injunctive relief without needing to post a bond if the agreement is breached. The agreement is binding upon the parties as well as their successors, assigns, and personal representatives.

Uploaded by

kismadaya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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NON-COMPETE AGREEMENT

FOR GOOD CONSIDERATION, the undersigned First Party jointly and severally
covenant and agree not to compete with the business of
Second Party (Company), and its lawful successors and assigns.
The term non compete as used herein shall mean that the Undersigned shall not
directly or indirectly engage in a business or other activity described as:
notwithstanding whether said participation be as an owner, off i c e r, director, employee, agent,
consultant, partner or stockholder (excepting as a passive investment in a publicly owned
company).
This covenant shall extend only for a radius of miles from the present
location of the Company at and shall remain in full force and
effect for years from date hereof.
In the event of any breach, the Company shall be entitled to full injunctive relief without
need to post bond, which rights shall be cumulative with and not necessarily successive or
exclusive of any other legal rights.
This agreement shall be binding upon and inure to the benefit of the parties, their
successors, assigns and personal representatives.
Signed this day of , (year).
Witnessed:
____________________________________ ___________________________________
Witness First Party
____________________________________ ___________________________________
Witness Second Party
ZAAAAZAZ

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