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Generic Non Compete Agreement
"I need a Generic Non Compete Agreement for a senior software developer who will be leaving our technology company on March 1, 2025, with restrictions covering the entire West Coast and a duration of 12 months."
1. Parties: Identifies all parties to the agreement, including full legal names and addresses
2. Background/Recitals: Explains the context and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Scope of Restrictions: Details the specific competitive activities that are prohibited
5. Duration: Specifies the time period for which the restrictions apply
6. Geographic Area: Defines the territorial scope of the restrictions
7. Consideration: States what the restricted party receives in exchange for their agreement
8. Governing Law: Specifies which state's laws govern the agreement
1. Garden Leave: Provisions for paid leave during restriction period - typically used for senior executives or key employees
2. Severability: Allows rest of agreement to remain valid if certain provisions are found unenforceable - important in states with strict non-compete enforcement
3. Remedies: Specifies available remedies for breach, including injunctive relief - used when stronger enforcement mechanisms are desired
4. Assignment: Rights to assign the agreement to another party - important when company anticipates potential sale or merger
1. Schedule of Restricted Activities: Detailed list of specific activities prohibited
2. Schedule of Restricted Clients: List of specific clients/customers covered by restrictions
3. Schedule of Restricted Territory: Maps or detailed description of geographic restrictions
4. Schedule of Consideration: Details of compensation or benefits provided in exchange for restrictions
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