This Non-Competition Agreement by Seller of a Business is between a seller of a business to the buyer of that business. In this agreement the seller agrees that he or she will not engage directly, or indirectly, in a business that competes with the business being sold. This agreement sets forth specific details of the agreement and includes provisions regarding confidentiality and non-solicitation of employees and customers. Having a written Non-Competition Agreement by Seller of a Business is vital and will prove valuable in the event of disagreements or litigation.

Among others, this form contains the following:

• Parties: Sets out the names and addresses of the parties to the agreement;
• Business Information: These provisions set out the name of the business being sold, the date of the asset or share purchase agreement and the territory served;
• Covenants of Seller: Provisions regarding confidentiality, non-competition, non-solicitation, non-hire and enforceability of restrictions;
• Governing Law: Sets forth the governing state, the choice of legal forum and a waiver of jury trial.

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This attorney-prepared packet contains:

1. General Instructions
2. Non-Competition Agreement by Seller of a Business for use in [state]

State Law Compliance: This form complies with the laws of [state]