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Mar 8, 2019

Legalnaija Tip - What Is A Non - Compete Agreement



From @aoc.legal -  Executing a Non - Compete Agreement can save your business from exploitation by partners or employees.
Some important points in the agreement include -



Who is agreeing not to compete

Who is preventing the competition

As of when is the agreement effective

How long is the agreement enforceable

What type of business is prohibited

The reason for the prohibition

The geographic area within which competition is prohibited

What the payment is – called “consideration’ – in return for this agreement

If you have any questions on how to protect your business or ideas through a Non - Compete Agreement, pls send a DM or drop a comment.

#agreements #noncompete #nigerianlawyers
#lawfirm #Blawg #Legalnaija #aoclegal #businesslawyers #corporatelawyer #commerciallawyer
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