Competition Agreement Clause Samples
A Competition Agreement is a contractual provision that restricts one or more parties from engaging in business activities that compete with another party, typically during or after the term of the agreement. This clause often outlines the specific types of competitive activities that are prohibited, the geographic area covered, and the duration of the restriction. By clearly defining these boundaries, the clause helps protect a party’s business interests, trade secrets, and customer relationships from unfair competition.
Competition Agreement. Section 1(b) of the Non-Competition Agreement does not apply to non-Executive Grantees employed in the Province of Ontario, where “Executive” has the meaning given to it in the Working for Workers Act (Ontario).
Competition Agreement. You acknowledge that neither the Company nor its agents have made any promise, representation or warranty whatsoever, either express or implied, written or oral, which is not contained in this agreement for the purpose of inducing you to execute the agreement, and you acknowledge that you have executed this agreement in reliance only upon such promises, representations and warranties as are contained herein.
Competition Agreement. Confidentiality after Termination of Employment. Employee agrees that upon termination of employment, he or she shall surrender promptly to the Company any and all documents and property of the Company, including, but not limited to: reports, drawings, manuals, correspondence, customer lists and other Confidential Information which he or she may possess, and all other materials and all copies thereof relating in any way to the Company's business, or in any way obtained by the Employee during the course of his employment, and that he shall not retain any copies, notes or abstracts of the foregoing. Employee further agrees that such documents, lists and information shall be and remain the sole property of the Company. All of the terms of paragraph 2.8 shall remain in full force and effect both during the continuation of employment of Employee by the Company and after the termination of employment for any reason.
Competition Agreement. It is expressly agreed between the parties, regarding the contractual relationship between the Beneficiary of the card and AVRIL, that any problem of interpretation on the scope of the same and / or judicial claim, which cannot be resolved amicably between the parties, must be submitted to the jurisdiction of the Argentine Republic and within it will be Judge competent the one of the Ordinary Civil Courts of the Federal Capital.
Competition Agreement. The Undersigned W. ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, for and in consideration of his Employment with ▇▇▇▇▇▇▇ Drilling Corporation, plus other good and valuable consideration, the receipt and sufficiently of which is hereby acknowledge, intending to be legally bound by the terms and conditions of this Agreement, hereby agrees as follows:
Competition Agreement. In consideration of the employment of ▇▇▇ ▇▇▇▇▇▇▇▇▇▇, currently residing at ____________________________________ (“Executive”), by NIC Inc. ( “Employer”) having a place of business at ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by Employee, Employee hereby agrees to the terms outlined in this Agreement.
Competition Agreement. In consideration for ▇▇▇▇▇▇ ▇▇▇▇▇▇ ("▇▇▇▇▇▇") executing a non-competition agreement, in the form attached hereto as Exhibit "C", prohibiting ▇▇▇▇▇▇ from competing with the Business for a period of five (5) years, the Buyers will pay ▇▇▇▇▇▇ $60,000 per year for a period of five (5) years. Representations and Warranties of Sellers. As material inducement to Buyers to enter into this Agreement and to close hereunder, each of Sellers jointly and severally make the following representations and warranties to Buyers: Corporate Status; Authority. Sellers are corporations duly organized, validly existing and in good standing under the laws of the jurisdictions of their respective incorporations. Each of Sellers has the corporate power and authority to own its properties and to carry on the Business as it is now being conducted. Each of Sellers has the full power and authority to execute and deliver this Agreement and any and all other documents or instruments to be executed and/or delivered by Sellers in connection herewith, including, but not limited to the assignments of the Stores' leases, (collectively, the "Purchase Documents") and to perform its respective obligations hereunder and thereunder.
Competition Agreement. It isexpressly agreedbetween theparties, in reference to the commercial relationship between the holder and beneficiaries of the Funeral Assistance and Innovus that any interpretation problem about the scope of the same and/or legal claim, that cannot be resolved in a friendly manner between the parties, shall be subject to the jurisdiction of the courts of the State of Wyoming in the United States of America.
Competition Agreement. On 11 May 2021, the Company and Beijing RHY entered into the Non-competition Agreement, pursuant to which the Company and Beijing RHY agreed that, among other things, each of them shall not conduct any businesses which compete or may compete with the major businesses conducted by the other party, on the terms and subject to the conditions of the Non-competition Agreement. The Non-competition Agreement is not conducted in the ordinary and usual course of business of the Company but is a one-off agreement to accommodate the particular relationship among the Group, its controlling shareholders and the Beijing RHY Group for the reasons and benefits as set out below. The principal terms of the Non-competition Agreement are as follows. Date : 11 May 2021 Major provisions : 1. The Company confirms and represents that the Group is currently primarily engaged in the sale of products and the provision of specialised solutions and services in the railway and electric power sectors. In the railway sector, the Group is primarily engaged in the sale of railway communication products and energy-base products, provision of value-added services such as maintenance services, network optimization and network planning, and technical consulting for the products related to the communication system for railway customers; in the electric power sector, the Group is primarily engaged in the sale of power transmission and transformation equipment, power generation equipment, etc., as well as the planning and technical consulting services of the infrastructure construction in relation to electric power such as power plant construction and power grid renovation for electric power customers, and power plant investment, construction and operation etc. (collectively, the ‘‘China ITS Businesses’’).
Competition Agreement. This offer of employment is further conditioned upon your acceptance of our non-competition agreement. A copy of the Agreement is enclosed with this letter for your reference. Please sign and return this Agreement with your signed acceptance of our offer.