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5 Year Non Compete Agreement

5 Year Non Compete Agreement Template for Ireland

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Key Requirements PROMPT example:

5 Year Non Compete Agreement

"Need a 5 Year Non Compete Agreement under Irish law for our departing Chief Technology Officer who has extensive knowledge of our proprietary AI technology and client relationships; agreement should take effect from March 1, 2025, and cover Ireland and the UK."

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Document background
This 5 Year Non Compete Agreement is essential for businesses operating in Ireland seeking to protect their legitimate interests from competitive activities. It is particularly relevant in situations involving senior executive departures, business sales, or strategic partnerships where access to sensitive information or key customer relationships could pose significant competitive risks. The document carefully balances Irish competition law requirements with business protection needs, incorporating specific provisions for duration, geographic scope, and restricted activities. It is structured to meet Irish court standards for enforceability while providing comprehensive protection for confidential information, customer relationships, and business goodwill.
Suggested Sections

1. Parties: Identification of the parties entering into the agreement, including their registered addresses and company numbers if applicable

2. Background: Context of the agreement, including the business relationship between the parties and the legitimate business interests being protected

3. Definitions: Key terms used throughout the agreement, including 'Restricted Business', 'Territory', 'Confidential Information', and 'Restricted Period'

4. Non-Compete Obligations: Core restrictions preventing competition, including specific prohibited activities and temporal scope

5. Geographic Scope: Definition of the territorial limits of the non-compete obligations

6. Duration: Specific provisions regarding the 5-year term and any conditions affecting its commencement or termination

7. Confidentiality Obligations: Provisions protecting confidential information and trade secrets

8. Acknowledgments: Statements confirming the reasonableness of restrictions and independent legal advice

9. Severability: Provisions allowing court modification of unenforceable terms while maintaining others

10. Remedies: Available remedies for breach, including injunctive relief and damages

11. Governing Law and Jurisdiction: Confirmation of Irish law governance and jurisdiction of Irish courts

Optional Sections

1. Assignment and Succession: Used when the agreement needs to be transferable, particularly in business sale contexts

2. Group Company Provisions: Include when protection needs to extend to affiliated companies

3. Non-Solicitation of Employees: Additional restrictions on hiring protected company's employees

4. Non-Solicitation of Customers: Additional restrictions on approaching protected company's customers

5. Training and Support Obligations: Include when the agreement is tied to provision of training or support

6. Garden Leave: Include for employment-related non-competes where garden leave may be applicable

7. Consideration: Specific section detailing consideration when the non-compete is not part of a larger transaction

Suggested Schedules

1. Schedule 1 - Restricted Territory: Detailed map or list of geographical areas covered by restrictions

2. Schedule 2 - Restricted Business Activities: Comprehensive list of specific business activities prohibited under the agreement

3. Schedule 3 - Protected Customers/Clients: List of specific customers or client categories covered by restrictions

4. Schedule 4 - Confidential Information: Detailed categorization of protected confidential information

5. Appendix A - Form of Acknowledgment: Template for periodic acknowledgment of ongoing compliance

6. Appendix B - Consideration Details: Details of any financial or other consideration provided for the restrictions

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions








































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Relevant Industries

Technology

Professional Services

Financial Services

Healthcare

Manufacturing

Biotechnology

Retail

Software Development

Management Consulting

Research and Development

Pharmaceuticals

Investment Banking

Private Equity

Telecommunications

Engineering

Relevant Teams

Legal

Executive Leadership

Sales

Business Development

Research & Development

Product Development

Operations

Human Resources

Strategy

Mergers & Acquisitions

Investment

Technology

Client Services

Relevant Roles

Chief Executive Officer

Chief Technology Officer

Managing Director

Senior Vice President

Business Development Director

Sales Director

Research Director

Technical Lead

Senior Software Engineer

Product Manager

Principal Consultant

Investment Manager

Regional Director

Head of Operations

Chief Scientific Officer

Partnership Partner

Senior Account Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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