Non-Compete After Sale of Business

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Agreement between a seller of a business to the buyer of the business in which the seller agrees not to compete with the business being sold.

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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.

Protect yourself, your rights and your business by using our professionally prepared up-to-date forms.

This attorney-prepared packet contains:
  1. General Instructions
  2. Non-Competition Agreement by Seller of a Business for use in your state
State Law Compliance: This form complies with the laws of your state
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
Number of Pages9
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#28838
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.

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