The Non Compete Intellectual Property Agreement is essential for businesses operating in England and Wales who need to protect their intellectual assets while preventing unfair competition. This document is particularly relevant when employees or contractors have access to valuable IP, trade secrets, or confidential information. It combines standard non-compete provisions with specific IP protection clauses, ensuring comprehensive protection of business interests while remaining compliant with UK employment and competition laws. The agreement is commonly used during hiring, exits, or when updating employment terms for key personnel.
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1. Parties: Identification of all parties to the agreement with full legal names and addresses
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement, including IP definitions
4. Scope of Restrictions: Detailed description of non-compete obligations including duration, geography, and prohibited activities
5. IP Rights: Definition and scope of protected intellectual property
6. Confidentiality Obligations: Requirements for maintaining confidentiality of sensitive information
7. Duration: Term of the agreement and survival provisions
8. Governing Law: Specification of English and Welsh law as governing law
1. Assignment Rights: Optional provisions regarding rights to assign the agreement to third parties, included when transfer of rights might be contemplated
2. Garden Leave: Optional provisions for garden leave during notice period, typically included when agreement is with employees
3. Post-Termination Obligations: Optional specific obligations after agreement ends, included when ongoing obligations need to be clearly defined
4. Consideration: Optional section detailing payment or other consideration, included when specific compensation is offered for restrictions
1. Schedule of Protected IP: Detailed list of specific IP being protected
2. Schedule of Restricted Activities: Detailed list of prohibited activities
3. Schedule of Restricted Territories: Geographic areas where restrictions apply
4. Schedule of Competitive Businesses: List of specific competitors or business types covered by restrictions
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
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