Create Non Compete And Non Solicitation Agreement

Non Compete And Non Solicitation Agreement is a follow agreement to Business Sales Agreement between promoters of a selling company. This agreement is to protect interest of purchaser company

Non Compete And Non Solicitation Agreement
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Non Compete And Non Solicitation Agreement

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Non Compete And Non Solicitation Agreement

None Compete and non-Solicitation Agreement is a subsequent agreement executed after executing business sales agreement. The main objective behind such an agreement are

  • Make it clear what business sold by the selling company and what is remaining with selling company.
  • Non competition period and compensation etc. for that period
  • Apart from transferor company, ensure all promoters of the seller company responsible for the clauses of this agreement

Main points covered in the agreement are ;

  1. What business covered in the agreement and what business not covered of the seller
  2. Areas of restriction with full details and period
  3. Compensation for violation of agreement
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Non Compete And Non Solicitation Agreement IN SIMPLE STEPS

Simple method to create Non Compete And Non Solicitation Agreement using CompaniesInn e-lawyering platform