NON-COMPETE AGREEMENT.
This Non-Compete Agreement (hereinafter referred to as the “Agreement”) is made
between Realty Coordination Company dba RCC, (hereinafter referred to as “The
Company”) and ______________ (hereinafter referred to as the “____________”).
The parties agree as follows; –
1. Term.
The parties herein agree that the terms of this Agreement shall exist for a period
when the loan has been funded and the commission paid for by the Company.
2. Confidential Information.
Parties herein agree that Confidential information is proprietary information relating
to the Company’s business, including but not limited to business and financial
records, intellectual property, proprietary data, and any other information that is
disclosed that will affect the business of the Company.
The parties agree that all trade secrets and confidential information disclosed to the
_______________ during their relationship prior to termination of the agreement will
be kept strictly confidential and will further provide means to ensure complete
protection to the Company should a question of unauthorized use or disclosure of
such information arise.
The __________________ agrees that the Confidential Information is of extreme
value to the Company and would cause irreparable harm to the Company if
disclosed to other persons or utilized by the employee or the employee’s agents for
unauthorized purposes.
3. Non-Compete.
For the entire period of this agreement, the ________________will not work as an
employee, officer, director, partner, consultant, agent, owner, or engage in any other
capacity with a competing Company.
4. Geographical Area.
The provision and terms of this agreement shall only be applicable in the area of
California.
5. Compensation.
In consideration of the terms and obligations herein, __________ will be paid the
agreed percentage from the closing of the company’s commission.
6. Intellectual Property.
The Company’s ideas and products are intellectual properties that are copyrighted
and trademarked.
7. Dispute/Conflict Resolution.
In the event of a dispute between the parties herein, the parties shall refer the
dispute to be resolved through mediation.
Parties shall bear their costs for the mediation.
8. Reliefs/remedies.
________________agrees that the violation of any covenant contained in this
Agreement may cause immediate and irreparable harm to the Company, the amount
of which may be difficult or impossible to estimate or determine.
Suppose ____________ violates any covenant contained in this Agreement. In that
case, the Company shall have the right to equitable relief by injunction or otherwise,
in addition to all other legal rights and remedies.
9. Governing Law.
This Agreement shall be governed and construed in accordance with the laws of the
State of California.
10. Relationship.
The relationship between the parties herein is that of an ______________________.
Nothing in this Agreement shall be construed as a partnership, joint venture, or
employee.
11. Severability.
If any part of this Agreement is deemed invalid or unenforceable, the same shall be
severed from this Agreement, and the remaining provisions shall continue to be in
effect.
12. Waiver.
The failure of any party to exercise any right or provision of this Agreement shall not
be a waiver of any prior or subsequent rights.
13. Assignment.
The ______________herein may not assign or transfer their rights or obligations
under this Agreement. However, the Company may assign the rights and obligations
in the event of a merger or consolidation.
14. Acknowledgments.
The ______________acknowledges that they have been provided with the
opportunity to negotiate this agreement and have had the opportunity to seek legal
counsel before signing this agreement and that the restrictions imposed are fair and
necessary for the Company’s business interest.
The ________________ further agrees that these restrictions are reasonable and do
not constitute a threat to their livelihood.
THE COMPANY; –
Name:
____________________________
Signature:
_________________________
Designation:
_______________________
Date:
_____________________________
THE ________________________; –
Name:
____________________________
Signature:
_________________________
Designation: _______________________
Date:
_____________________________
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