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1. Parties: Identification of the Seller and Purchaser, including full legal names, registration details, and addresses
2. Background: Context of the agreement, including details of the business sale transaction and reason for the non-compete provisions
3. Definitions: Key terms used in the agreement including 'Business', 'Restricted Business', 'Territory', 'Restricted Period', 'Confidential Information'
4. Non-Competition Obligations: Core restrictions on the Seller's future business activities, including specific prohibited activities
5. Duration and Territory: Temporal and geographical scope of the non-compete restrictions
6. Consideration: Specific consideration for the non-compete covenant as part of the overall business sale
7. Non-Solicitation: Restrictions on soliciting employees, customers, or suppliers of the business
8. Confidentiality: Obligations regarding confidential information and trade secrets
9. Remedies: Legal remedies available in case of breach, including injunctive relief and damages
10. Severability: Provisions for maintaining validity of remainder of agreement if any part is found unenforceable
11. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and jurisdiction for disputes
12. Execution: Signature blocks and execution formalities
1. Assignment: Rules for transferring rights under the agreement, included when assignment rights are important to either party
2. Corporate Guarantees: Required when additional security is needed from parent companies or related entities
3. Exceptions to Restrictions: Specific carve-outs from non-compete obligations, included when Seller retains certain business interests
4. Training and Transition: Terms for Seller's assistance in business transition, included when knowledge transfer is crucial
5. Dispute Resolution: Alternative dispute resolution mechanisms, included when parties prefer arbitration or mediation
6. Shareholding Restrictions: Included when necessary to restrict Seller's investment in competing businesses
7. Related Party Extensions: Extension of restrictions to related parties, included when Seller has multiple business entities
1. Schedule 1 - Description of Business: Detailed description of the business being sold and its operations
2. Schedule 2 - Territory Definition: Detailed mapping or list of geographical areas covered by restrictions
3. Schedule 3 - Restricted Activities: Comprehensive list of specific business activities restricted under the agreement
4. Schedule 4 - Key Customers and Suppliers: List of protected business relationships covered by non-solicitation provisions
5. Schedule 5 - Consideration Breakdown: Detailed breakdown of consideration attributable to non-compete covenant
6. Appendix A - Competitor List: List of known competitors or competing businesses for reference
7. Appendix B - Compliance Certificate: Template for periodic compliance certification by Seller
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