Non-Competition Agreement

WHEN TO USE: This Non-Compete Agreement is used typically after the acquisition of a software company and the buying party wants assurance that the principals of the original company will not create a competitive business. The purpose of this Non-Compete Agreement is to ensure that the full marketability of the acquired business is not diluted by the establishment of a competing business, especially with the principals originally identified with the acquired operation. This Non-Compete Agreement also defines the protection of Confidential Information between the parties. Key personnel of the acquired company, especially if not shareholders, should be hired to protect the know-how of the business.

Total Page Count: 5 Pages

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