The Acquisition Non-Compete Agreement is a critical component of business acquisition transactions in the United States. This document protects the buyer's investment by preventing the seller from immediately establishing a competing business or soliciting customers and employees from the acquired company. The agreement typically includes specific provisions regarding duration, geographic scope, and prohibited activities, all of which must be reasonable and compliant with both federal and state laws. The enforceability varies significantly by state, with some jurisdictions like California having strict limitations on non-compete provisions.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
Acquisition Non Compete Agreement
"Need an Acquisition Non-Compete Agreement to prevent the founder of a software development company we're acquiring from starting a competing business within 50 miles of our offices in Texas and California for 3 years after closing in March 2025."
1. Parties: Identification of the parties involved in the acquisition and bound by the non-compete
2. Background/Recitals: Context of the acquisition and reason for the non-compete provisions
3. Definitions: Key terms used throughout the agreement including 'Restricted Business', 'Territory', 'Restricted Period'
4. Non-Compete Obligations: Core restrictions and specific prohibited activities
5. Duration and Territory: Time period and geographic scope of restrictions
6. Consideration: Value provided in exchange for non-compete obligations
7. Remedies: Consequences of breach and enforcement mechanisms
8. Governing Law: Jurisdiction and applicable law
1. Non-Solicitation Provisions: Additional restrictions on soliciting employees or customers, used when protection of customer relationships and employee retention is crucial
2. Confidentiality Provisions: Protection of confidential information, included when a separate confidentiality agreement doesn't exist
3. Carve-outs: Specific exceptions to restrictions, used when certain activities or territories need to be excluded from the non-compete obligations
4. Assignment Rights: Rights to transfer the agreement, included when future corporate restructuring is anticipated
1. Territory Definition Schedule: Detailed description of geographic restrictions and boundaries of the non-compete territory
2. Restricted Business Description Schedule: Detailed scope of business activities covered by the non-compete provisions
3. Consideration Schedule: Details of payment or other consideration provided in exchange for the non-compete obligations
4. Excluded Activities Schedule: List of specifically permitted activities that are carved out from the non-compete restrictions
Authors
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Pro Buyer Stock Purchase Agreement
An English law agreement for the purchase of company shares with enhanced buyer protections and warranties.
find out more
Real Estate Purchase Letter Of Intent
A preliminary document under English and Welsh law outlining proposed terms for a property purchase transaction.
find out more
Letter Of Intent Mergers And Acquisitions
A preliminary document outlining key terms and conditions for a proposed merger or acquisition under U.S. law.
find out more
Land Acquisition Agreement
A U.S. legal agreement governing the purchase and sale of real property, outlining terms and conditions for land transfer.
find out more
Intent To Purchase Business Agreement
A U.S.-governed preliminary agreement outlining the proposed terms for purchasing a business, serving as a framework for future negotiations.
find out more
Confidentiality Agreement Mergers And Acquisitions
A U.S.-governed agreement protecting confidential information exchanged during M&A transactions.
find out more
Company Merger Contract
A legal agreement governed by U.S. law that establishes the terms and conditions for combining two or more companies into a single entity.
find out more
Company Acquisition Contract
A legally binding agreement under U.S. law that documents the terms and conditions for one company's acquisition of another.
find out more
Company Acquisition Agreement
A U.S.-governed legal agreement detailing the terms and conditions for one company's acquisition of another.
find out more
Commercial Purchase Letter Of Intent
A U.S.-governed preliminary document outlining proposed terms and conditions for a commercial purchase transaction.
find out more
Business Acquisition Purchase Agreement
A U.S.-governed legal agreement documenting the terms and conditions of a business acquisition transaction, including purchase price, assets/shares transfer, and related obligations.
find out more
Business Acquisition Letter Of Intent
A preliminary document outlining proposed terms for a business acquisition under U.S. law, serving as a framework for negotiating the final agreement.
find out more
Business Acquisition Contract
A U.S.-governed contract documenting the terms and conditions for the purchase and sale of a business, including assets or shares transfer and related obligations.
find out more
Business Acquisition Agreement
A U.S.-governed legal agreement defining terms and conditions for the purchase and sale of a business, including price, warranties, and closing conditions.
find out more
Asset Purchase Term Sheet
A US-governed preliminary document outlining key terms and conditions for a proposed asset acquisition transaction.
find out more
Asset Purchase Letter Of Intent
A preliminary document outlining proposed terms for an asset purchase transaction under U.S. law.
find out more
Asset Acquisition Agreement
A U.S.-governed agreement documenting the purchase and sale of specific assets between parties, including terms, conditions, and obligations of the transaction.
find out more
Acquisition Term Sheet
A preliminary document outlining key terms and conditions for a proposed acquisition transaction under U.S. law.
find out more
Acquisition Purchase Agreement
A U.S.-governed legal agreement documenting the terms and conditions of a business acquisition transaction.
find out more
Acquisition Non Compete Agreement
A U.S. legal agreement that prevents sellers from competing with a business they've sold for a specified period and territory.
find out more
Acquisition Letter Of Intent
A preliminary, non-binding document under U.S. law that outlines the proposed terms for acquiring a company or its assets.
find out more
Acquisition Confidentiality Agreement
A U.S.-governed legal agreement protecting confidential information shared during potential acquisition discussions and due diligence processes.
find out more
Stock Purchase Letter Of Intent
A preliminary, non-binding document under U.S. law that outlines proposed terms for a stock purchase transaction.
find out more
Stock Purchase Agreement Promissory Note
A U.S. legal document combining a stock purchase agreement with a promissory note, documenting the sale of stock with deferred payment terms.
find out more
Stock Purchase Agreement Private Company
A U.S. legal agreement documenting the sale and transfer of shares in a private company between seller and buyer.
find out more
Stock For Stock Merger Agreement
A U.S.-governed agreement documenting the combination of two companies through an exchange of shares, subject to federal securities laws and state corporation laws.
find out more
Stock Acquisition Agreement
A U.S.-governed agreement documenting the terms and conditions for the purchase and sale of company stock between buyer and seller.
find out more
Simple Merger Agreement
A U.S.-governed legal agreement that establishes the terms and conditions for combining two companies into a single entity.
find out more
Share Acquisition Agreement
A U.S.-governed legal agreement documenting the terms and conditions for the purchase and sale of shares in a company.
find out more
Merger And Acquisition Term Sheet
A preliminary document outlining key terms and conditions for a proposed merger or acquisition transaction under U.S. law.
find out more
Letter Of Intent To Acquire A Company
A preliminary document under U.S. law outlining the proposed terms for acquiring a company, serving as a framework for negotiation and due diligence.
find out more
Download our whitepaper on the future of AI in Legal
By providing your email address you are consenting to our Privacy Notice.
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.
