BUSINESS/NON-COMPETE AGREEMENT.

by | Jul 30, 2023 | Agreements

BUSINESS/NON-COMPETE AGREEMENT.

This Business/Non-compete Agreement (hereinafter referred to as the “Agreement”) is made and entered on this ____ day of _____ 2021 (the “effective date”), Grand Strands/Hair Weaving Solutions by Danielle, Contact Info; 2285 Eastmain Street, Bridgeport Connecticut 06610 (hereinafter referred to as the “Company”), and ____________, Contact Info; ____________ (herein referred to as the “Stylist”).

NOW THEREOF, in consideration of the mutual covenants and promises made by the Parties hereto, the Parties covenant and agree as follows:

  1. TERM.

The initial term of this Agreement shall be for a period of One Years commencing on the Effective Date herein.

  • SCOPE.

The Stylist shall work for the Company for a 50/50 compensation from all the money they bring the business in exchange for One Thousand Five Hundred Dollars ($1500) on the job educational training.

  • TERMINATION/CANCELLATION.

The Parties acknowledge that either Party can terminate/cancel this Agreement at any time provided that they issue a ____ Day Written Notice on the same.

  • LIABILITY/INDEMNITY/WAIVER
    • The Company shall not, during the term of this Agreement, be held liable for any injuries sustained by the Stylist while carrying out their obligations under this Agreement, as long as the injuries are not in any way due to the Company’s negligence. The Stylist agrees to indemnify the Company against any claims that may arise from the performance of this Agreement.
    • The waiver by either party of any breach or failure to enforce any of the terms and conditions of this Agreement at any time shall not in any way affect, limit, or waive such party’s right thereafter to enforce and compel strict compliance with every term and condition of this Agreement. 
  • CONFIDENTIALITY/NONDISCLOSURE/NON-COMPETE
    • The Stylist agrees not to disclose to any third party, confidential information or materials of the Company, the Company’s customers, or anyone with a business or employment relationship with Company. The Stylist further agrees that they will not use, remove, transfer, transmit, reproduce or otherwise deal with the Company’s trade secrets, hair solution formulas, confidential information or other tangible or intangible property of another party, except for the sole purpose of performing their services as a Stylist under this Agreement.
    • The Stylist shall NOT solicit, negotiate, and contact either directly or indirectly, with another prospective company, employer, competitor, customer, client or any other entity that offers the same services as those covered herein during the term of this Agreement.
    • The Stylist shall NOT, for Two years after termination/Cancellation of this Agreement, solicit, negotiate, contact either directly or indirectly, with another prospective employer, competitor, customer, client or any other entity carrying out the same or similar services as those carried by the Company.
    • The Stylist shall not, during the term of this Agreement and/or Two Years after the termination/cancellation of this Agreement, by incitement encourage employees, customers, associates, clients of the Company to terminate their obligations with the Company.
  • GENERAL PROVISION, GOVERNING LAW AND JURISDICTION.
    • This Agreement contains the entire Agreement between the Parties relating to the subject matter hereof and supersedes any and all prior agreements or understandings, written or oral, between the parties related to the subject matter hereof.  No modification of this Agreement shall be valid unless made in writing and signed by both parties hereto.
    • This Agreement shall be governed by and construed in accordance with the laws of the ____ [State/Country]. Exclusive jurisdiction and venue shall be in ____ [State/Country].
    • This Agreement shall be binding upon and inure to the benefit of the Company and the Stylist and their respective successors and assigns, provided that the Stylist may not assign any of their obligations under this Agreement without the Company’s prior written consent. 
    • Each party represents and warrants to the other that such party has acted in good faith, and agrees to continue to so act, in the negotiation, execution, delivery, performance, and any termination of this Agreement.

IN WITNESS WHEREOF, this Agreement has been executed by the parties as of the Effective Date.

COMPANY: _____________            ________________________                 ___________

                        (SIGNATURE)                  (NAME)                                                (DATE)

STYLIST: _______________            ________________________                 ___________

                     (SIGNATURE)                  (NAME)                                                  (DATE)

At Legal writing experts, we would be happy to assist in preparing any legal document you need. We are international lawyers and attorneys with significant experience in legal drafting, Commercial-Corporate practice and consulting. In the last few years, we have successfully undertaken similar assignments for clients from different jurisdictions. If given this opportunity, The LegalPen will be able to prepare the legal document within the shortest time possible. You can send us your quick enquiry ( here )