Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Business Sale Non Compete Agreement
"I need a Business Sale Non-Compete Agreement for the sale of my Auckland-based software development company, with a 3-year restriction period within New Zealand and Australia, specifically preventing the seller from developing similar enterprise software products or poaching our key developers."
1. Parties: Identification of all parties to the agreement, including the seller(s) and purchaser(s)
2. Background: Context of the business sale and purpose of the non-compete provisions
3. Definitions: Definitions of key terms used throughout the agreement, including 'Business', 'Restricted Activity', 'Territory', and 'Restricted Period'
4. Duration of Restraint: Specific timeframe during which the non-compete obligations will apply
5. Geographic Scope: Detailed description of the territorial limits of the non-compete restrictions
6. Prohibited Activities: Comprehensive list of activities the seller is prohibited from engaging in
7. Consideration: Details of the specific consideration provided for the non-compete obligations
8. Acknowledgments: Seller's acknowledgments regarding reasonableness of restrictions and receipt of independent legal advice
9. Exceptions: Permitted activities and circumstances where restrictions don't apply
10. Enforcement: Rights and remedies available in case of breach, including injunctive relief
11. General Provisions: Standard clauses including governing law, severability, and entire agreement
12. Execution: Signing provisions and attestation requirements
1. Confidentiality Obligations: Additional provisions regarding confidential information, used when specific confidentiality terms aren't covered in the main business sale agreement
2. Non-Solicitation: Specific provisions preventing solicitation of employees, customers, or suppliers, included when not covered in the main sale agreement
3. Assignment Rights: Provisions regarding the right to assign the agreement, included when assignment possibilities need to be specifically addressed
4. Guarantees: Personal or corporate guarantees section, included when additional security is required
5. Compliance with Sale Agreement: Cross-reference provisions to the main sale agreement, included when the non-compete is a separate document
6. Step-in Rights: Provisions allowing purchaser to step into contracts/relationships if breach occurs, included for high-value or critical business relationships
1. Schedule 1 - Restricted Territory: Detailed maps or descriptions of the geographic area covered by restrictions
2. Schedule 2 - Restricted Clients: List of specific clients/customers covered by non-solicitation provisions
3. Schedule 3 - Restricted Products/Services: Detailed description of products or services covered by the non-compete
4. Schedule 4 - Key Employees: List of key employees covered by non-solicitation provisions
5. Schedule 5 - Consideration Calculation: Detailed breakdown of consideration specifically allocated to non-compete obligations
6. Appendix A - Related Entities: List of related entities of the seller subject to restrictions
Authors
Retail
Professional Services
Manufacturing
Technology
Healthcare
Hospitality
Construction
Education
Financial Services
Consulting
Real Estate
Engineering
Media and Entertainment
Transportation and Logistics
Legal
Corporate Affairs
Executive Leadership
Mergers & Acquisitions
Commercial
Finance
Risk and Compliance
Business Development
Operations
Chief Executive Officer
Managing Director
Business Owner
Corporate Lawyer
Legal Counsel
Commercial Director
Chief Financial Officer
Business Development Manager
Mergers & Acquisitions Director
Company Secretary
Risk Manager
Compliance Officer
Operations Director
General Manager
Find the exact document you need
Not To Compete Agreement
A New Zealand-governed agreement that restricts one party from competing with or soliciting from another party's business, specifying duration, scope, and enforcement terms.
Staffing Non Compete Agreement
A New Zealand law-governed agreement establishing post-employment non-compete and non-solicitation restrictions to protect legitimate business interests.
Non Compete Non Solicitation Agreement
A New Zealand-governed agreement that restricts competitive activities and solicitation of employees, clients, or suppliers, designed to protect legitimate business interests while maintaining enforceability under local law.
Non Compete Agreement Between Two Companies
A New Zealand-governed agreement establishing mutually agreed competitive restrictions between two companies, including scope, duration, and enforcement provisions.
Law Firm Non Compete Agreement
A New Zealand law-compliant agreement restricting a lawyer's post-employment competitive activities and client solicitation to protect a law firm's business interests.
Business Sale Non Compete Agreement
A New Zealand law-governed agreement that protects a business buyer by restricting the seller's ability to compete post-sale.
Non Compete Agreement After Resignation
A New Zealand-compliant agreement restricting former employees from competing with their previous employer, including non-solicitation and confidentiality provisions.
Non Compete Letter
A New Zealand-compliant letter establishing post-employment competitive restrictions, detailing scope, duration, and geographical limitations of non-compete obligations.
Non Compete Shareholders Agreement
A New Zealand-governed agreement establishing non-compete obligations and competitive restrictions between shareholders and their company.
Download our whitepaper on the future of AI in Legal
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.