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Covenant Not to Compete

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					This Covenant Not to Compete document is an addendum to an employment
agreement whereby an employee or an independent contractor agrees not to compete
with the employer during his or her employment, and for a certain period of time after
the termination of the employment agreement. This document in its draft form contains
numerous of the standard clauses commonly used in these types of agreements,
however, additional language may be added allowing for customization to ensure the
specific terms of the parties' agreement are addressed. Use this if a company or
individual wishes to prevent an employee from competing with them for a period of time
during and after their employment.
                               COVENANT NOT TO COMPETE

THIS COVENANT NOT TO COMPETE is made between the undersigned Employee and
____________________________ (“Company”) on ______________ [date].

FOR GOOD AND VALUABLE CONSIDERATION, the receipt of which is hereby
acknowledged, the undersigned employee (“Employee”) hereby agrees that, during the term of
employment under the certain Employment Agreement (as attached to this Agreement and/or
incorporated by reference) and for a period of _______ year thereafter (the “Restrictive Period”),
whether with or without good cause or for any or no cause, at the option either of the Company
or the Employee, with or without notice, the Employee will not compete with the Company and
its successors and assigns, without the prior written consent of the Company.

    1. The Employee shall not:

        A.       alone, with and/or through others, be, become or function as an officer, director,
        Employee, owner, corporate affiliate, salesperson, co-owner, partner, trustee, promoter,
        founder, technician, engineer, analyst, employee, agent, representative, distributor, re-
        seller, sub-licensor, supplier, investor or lender, consultant, advisor or manager of or to,
        or otherwise acquire or hold any interest in or otherwise engage in the provision of
        services to, any person or entity that engages in a business that is Directly Competitive
        (as defined below); provided, however, that Employee may work exclusively for a
        division, entity or subgroup of such a business if the division, entity or subgroup is not
        Directly Competitive; or

        B.      authorize Employee’s name to be used in connection with a business that is
        Directly Competitive. (For purposes of this Agreement, “Directly Competitive” means
        developing, manufacturing, providing, marketing, distributing or otherwise commercially
        exploiting any products, services or technology that compete with the Company’s
        products, services or technology in existence as of the Effective Date or the foregoing
        products, services or technology as such may be developed, enhanced or modified by the
        Company after the Effective Date);

        C.      engage in or participate in, directly or indirectly, any business conducted under
        any name that shall be the same as or similar to the name of the Company or any trade
        name used by it that is (i) Directly Competitive (or indirectly ) with the business of the
        Company or (ii) engaged in any related activity where the use of such name is reasonably
        likely to result in confusion; and

        D.      transfer, sell, assign, pledge, hypothecate, give, create a security interest in or lien
        on, place in trust (voting or otherwise), or in any other way dispose of more than 1% of
        total outstanding shares of the Company as of the date of said disposition in one or a
        series of related transactions directly owned of record by the Employee to any person
        which is competitive with any significant aspect of the business of the Company, which,
        measured by revenue generated, accounts at least 10% of the Company's business.




Copyright Docstoc, Inc. 2013                                                                       2
    2. This covenant shall cover the Employee’s activities in every part of the Territory in
       which the Employee may conduct business during the term of the Employment
       Agreement. “Territory” shall mean (i) all counties in the State of
       __________________________, (ii) all other states of the United States of America and
       (iii) all other countries of the world; provided that, with respect to clauses (ii) and (iii) in
       this paragraph, the Company derives at least ___ percent (__%) of its gross revenues
       from such geographic area prior to the date of the expiration or termination of the
       Agreement.

The undersigned affixes and seals this __________ day of ________________________,
20____.



__________________________________
[NAME]

Signed in the presence of:

Witness:



___________________________
[WITNESS'S NAME]


STATE OF _______________

COUNTY OF _____________

On _________________________before me,____________________________, personally
appeared _____________________________, personally known to me (or proved to me on the
basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within
instrument and acknowledged to me that he/she/they executed the same in his/her/their
authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or
the entity upon behalf of which the person(s) acted, executed the instrument.

WITNESS my hand and official seal.

Signature: _______________________________

Affiant ______ Known ______ Unknown ______

ID Produced_________________

(Seal)

Copyright Docstoc, Inc. 2013                                                                      3
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DOCUMENT INFO
Description: This Covenant Not to Compete document is an addendum to an employment agreement whereby an employee or an independent contractor agrees not to compete with the employer during his or her employment, and for a certain period of time after the termination of the employment agreement. This document in its draft form contains numerous of the standard clauses commonly used in these types of agreements, however, additional language may be added allowing for customization to ensure the specific terms of the parties' agreement are addressed. Use this if a company or individual wishes to prevent an employee from competing with them for a period of time during and after their employment.