Document background
The Deed of Non Competition is a crucial legal instrument used in Australian business contexts to protect legitimate business interests from competitive activities. It is commonly utilized in situations such as business sales, employment terminations, or partnership dissolutions where there is a need to prevent one party from competing with another within specific geographic and temporal boundaries. The deed format is specifically chosen over a standard contract as it provides stronger enforcement mechanisms and does not require consideration under Australian law. This document typically includes detailed provisions about restricted activities, territorial limits, duration of restrictions, and protection of confidential information, all structured to ensure compliance with Australian competition law and common law principles regarding reasonable restraint of trade.
