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Agreement Not To Work For Competitor Template for Nigeria

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Key Requirements PROMPT example:

Agreement Not To Work For Competitor

"I need an Agreement Not To Work For Competitor for our Lagos-based fintech company, covering our Chief Technology Officer who will be leaving in March 2025, with specific focus on protecting our proprietary trading algorithms and preventing work with competitor payment processing companies in West Africa for 12 months."

Document background
The Agreement Not To Work For Competitor is a crucial document in Nigerian business practice, designed to protect employers' legitimate business interests while respecting employees' rights to earn a living. It becomes necessary when employees have access to sensitive information, key client relationships, or trade secrets that could disadvantage the former employer if used by a competitor. The agreement must be carefully drafted to comply with Nigerian constitutional rights, labor laws, and competition regulations, ensuring restrictions are reasonable in duration and geographical scope. Typically used for senior executives, technical specialists, and key client-facing roles, this document outlines specific prohibited activities, defines competitor organizations, and establishes enforcement mechanisms recognized by Nigerian courts.
Suggested Sections

1. Parties: Identification of the employer and employee/former employee, including full legal names and addresses

2. Background: Context of the agreement, including the employee's role, access to confidential information, and legitimate business interests being protected

3. Definitions: Key terms including 'Restricted Business', 'Competitor', 'Confidential Information', 'Territory', and 'Restricted Period'

4. Non-Competition Obligations: Core restrictions on working with competitors, including geographical scope and duration

5. Non-Solicitation of Customers: Restrictions on approaching or dealing with customers or prospective customers

6. Non-Solicitation of Employees: Restrictions on recruiting or attempting to recruit other employees

7. Confidentiality Obligations: Obligations regarding the protection and non-disclosure of confidential information

8. Duration and Territory: Specific timeframes and geographical areas where restrictions apply

9. Acknowledgments: Employee's confirmation of reasonableness and understanding of restrictions

10. Remedies: Consequences of breach and available legal remedies including injunctive relief

11. General Provisions: Standard clauses including governing law, severability, and entire agreement

Optional Sections

1. Garden Leave: Provisions for paid leave during notice period to protect business interests

2. International Scope: Additional provisions for businesses operating in multiple countries

3. Post-Employment Compensation: Terms of any payment made in consideration for non-compete restrictions

4. Return of Property: Requirements for returning company property and documents

5. Independent Legal Advice: Confirmation that employee has received or had opportunity for independent legal advice

6. Alternative Dispute Resolution: Procedures for resolving disputes through mediation or arbitration

7. Training Costs Reimbursement: Provisions regarding repayment of training costs if applicable

Suggested Schedules

1. Schedule 1 - Restricted Competitors: List of specific competitors or types of competing businesses

2. Schedule 2 - Restricted Customers: List of specific customers or customer categories covered by restrictions

3. Schedule 3 - Restricted Territory: Detailed description or maps of geographical areas covered by restrictions

4. Schedule 4 - Confidential Information: Detailed categories and examples of confidential information

5. Appendix A - Consideration Details: Details of any financial compensation provided for the restrictions

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























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Relevant Industries

Technology

Financial Services

Telecommunications

Professional Services

Manufacturing

Oil and Gas

Healthcare

Pharmaceuticals

Consumer Goods

Media and Entertainment

Consulting

Research and Development

Industrial Services

Education and Training

Relevant Teams

Executive Leadership

Sales

Research and Development

Product Development

Client Services

Technical Operations

Business Development

Strategic Planning

Professional Services

Customer Success

Engineering

Information Technology

Human Resources

Legal

Relevant Roles

Chief Executive Officer

Managing Director

Chief Technical Officer

Sales Director

Senior Software Engineer

Research Scientist

Business Development Manager

Product Manager

Senior Account Executive

Technical Lead

Head of Operations

Chief Financial Officer

Regional Manager

Senior Consultant

Head of Research and Development

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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