NON-COMPETE AGREEMENT
This Non-compete Agreement (the “Agreement”) is entered into ____
(the “Effective Date”), by and between __________, with an address of
____ (the “Buyer”) and _______, with an address of
_________, (the “Contractor”), collectively “the Parties”).
- Restricted Business
The Contractor acknowledges that Buyer’s primary business is selling candles. The
Contractor shall be restricted from competing with the Buyer in the Buyer’s primary
business by reproducing the silicone molds sold to the Buyer. - Restricted Period
Contractor shall be restricted from competing with Buyer for a period of 10-15 years
upon termination of its relationship with the Buyer. - Restricted Territory
The Contractor is restricted from making and selling the products in Israel or any
other part of the world within the restricted period. - Restrictions
During the Restricted Period and within the Restricted Territory, Contractor shall not,
directly or indirectly, own, manage, operate, join, control, finance, participate in the
ownership, management, operation, control or financing of, or be connected as an
officer, director, employee, partner, principal, agent, representative, or consultant
of any entity engaged in the Restricted Business, without the prior, written consent of
the Buyer. - Non-solicitation
Contractor further agrees not to solicit, either directly or indirectly, any employee of
Buyer to leave his/her employment with the Buyer; and Contractor agrees not to
solicit, either directly or indirectly, the business of any client and/or customer of the
Buyer. - Consideration
Buyer agrees to pay and Contractor agrees to accept $ 1200 as consideration to enter
into this Non-Compete Agreement. - Confidential Information
“Confidential Information” shall mean any and all technical and non-technical
information provided by Buyer, including but not limited to, any data, files, reports,
accounts, or any proprietary information in any way related to products, services,
processes, database, plans, methods, research, development, programs, software,
authorship, customer lists, vendor lists, suppliers, marketing and/or advertising plans,
methods, reports, analysis, financial or statistical information, and any other material
related or pertaining to Buyer’s business, it’s subsidiaries, respective clients,
consultants or vendors that may be disclosed to Contractor herein contained within
the terms of the Agreement. Contractor will not share any of this confidential
information at any time. Contractor also will not use any of this confidential
information for his/her personal benefit at any time. This section remains in full force
and effect even after termination of the Agreement by its natural termination or the
early termination by either party.
- Acknowledgments
Contractor acknowledges that the restrictions, prohibitions and other provisions of
this Agreement, including the Restricted Period and Restricted Territory, are
reasonable, fair and equitable in scope, terms and duration, are necessary to protect
the legitimate business interests of Buyer, and are a material inducement to Buyer to
enter into this Agreement. - Representations and Warranties
Both Parties represent that they are fully authorized to enter into this Agreement.
The performance and obligations of either Party will not violate or infringe upon the
rights of any third-party or violate any other agreement between the Parties,
Contractor, and any other person, organization, or business or any law or
governmental regulation. - Severability
In the event any provision of this Agreement is deemed invalid or unenforceable, in
whole or in part, that part shall be severed from the remainder of the Agreement and
all other provisions should continue in full force and effect as valid and enforceable. - Waiver
The failure by either party to exercise any right, power or privilege under the terms
of this Agreement will not be construed as a waiver of any subsequent or further
exercise of that right, power or privilege or the exercise of any other right, power or
privilege. - Legal Fees
In the event of a dispute resulting in legal action, the successful party will be entitled
to its legal fees, including, but not limited to its attorneys’ fees. - Legal and Binding Agreement
This Agreement is legal and binding between the Parties as stated above. This
Agreement may be entered into and is legal and binding both in the Israel and
throughout Europe. The Parties each represent that they have the authority to enter
into this Agreement. - Governing Law and Jurisdiction
The Parties agree that this Agreement shall be governed by the State and/or Country
in which Contractor is located. - Entire Agreement
The Parties acknowledge and agree that this Agreement represents the entire
agreement between the Parties. In the event that the Parties desire to change, add,
or otherwise modify any terms, they shall do so in writing to be signed by both
parties.
The Parties agree to the terms and conditions set forth above as demonstrated by
their signatures as follows:
“BUYER”
Signed: _________________________
By: ____________________________
Date: ___________________________
“CONTRACTOR”
Signed: _________________________
By: ____________________________
Date: _________________________
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