Document background
The Compensation For Non Compete Agreement is essential for Singapore-based businesses seeking to protect their legitimate business interests while ensuring fair treatment of departing employees. This document is typically used when an organization needs to prevent key employees from working for competitors or starting competing businesses while ensuring compliance with Singapore's legal framework. The agreement must balance the employer's need to protect proprietary information and business relationships with the employee's right to earn a living. It details specific compensation arrangements, restricted activities, geographic limitations, and duration of restrictions, all while adhering to Singapore's reasonableness requirements under common law.
