You can open the Non Compete Agreement Sale Of Business Template in multiple formats, including PDF, Word, and Google Docs.
Non Compete Agreement Sale Of Business Template Printable | Editable FormSample
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[Name of Seller]
[Seller’s ID]
[Seller’s Address]
[Seller’s Phone]
[Seller’s Email]
[Name of Buyer]
[Buyer’s ID]
[Buyer’s Address]
This Non-Compete Agreement is made as of [Date] to protect the business interests of the Buyer following the sale of the business owned by the Seller.
For the purposes of this agreement, a `Competing Business` is defined as [Specify the type of business that competes with the sold business].
The Seller agrees not to engage in any Competing Business within [Geographic Area] for a period of [Specify Duration] following the sale of the business.
In consideration for the Seller’s agreement to this Non-Compete clause, the Buyer agrees to pay [Amount] to the Seller at the closing of the sale.
The Seller agrees to keep all proprietary and confidential information obtained during the course of business confidential and will not disclose it to any third party.
The Buyer may seek injunctive relief to prevent any violation of this agreement, in addition to any other legal or equitable remedies.
This agreement shall be governed by the laws of [Jurisdiction].
[Signature of the Seller]
[Name of the Seller]
[Signature of the Buyer]
[Name of the Buyer]
[Name of Seller]
[Seller’s ID]
[Seller’s Address]
[Seller’s Phone]
[Seller’s Email]
[Name of Buyer]
[Buyer’s ID]
[Buyer’s Address]
This Non-Compete Agreement governs the terms under which the Seller agrees not to compete with the Buyer’s business after the sale of [Business Name], effective [Date].
The Seller agrees not to operate, manage, consult for, or be involved in any Competing Business for a duration of [Specify Duration] from the date of sale.
The restriction imposed on the Seller applies within [Specify Geographic Area] where the business operates.
To compensate the Seller for this agreement, the Buyer will provide a payment of [Amount] at the time of closing.
Any intellectual property developed during the business operations will remain the exclusive property of the Buyer, and the Seller agrees not to utilize or benefit from it post-sale.
The Seller agrees to indemnify the Buyer for any losses incurred as a result of a breach of this Agreement.
Any disputes arising under this Agreement shall be resolved in the courts located in [Specify Venue].
[Signature of the Seller]
[Name of the Seller]
[Signature of the Buyer]
[Name of the Buyer]
Form
Please complete the form below to create the Non Compete Agreement Sale Of Business Template. All fields must be filled out to ensure a clear and enforceable agreement. We provide examples to guide you through each step. Non Compete Agreement Sale Of Business Template 1. Seller Information 2. Buyer Information 3. Business Information 4. Non-Compete Terms 5. Duration of Agreement 6. Geographic Scope 7. Compensation for Non-Compete 8. Confidentiality Agreement 9. Governing Law 10. Acceptance and Signatures 11. Declaration and Signatures
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WORD
Non Compete Agreement Sale Of Business Template Printable | Editable FormPrintable
