Purchase Agreement: Non-compete and Non-solicit Provision | Practical Law

Purchase Agreement: Non-compete and Non-solicit Provision | Practical Law

A covenant which restricts the seller and its affiliates from competing with the target company or the acquired business, and from soliciting employees and customers of the target company or the buyer, for a period after the closing. This covenant can be used in connection with a stock purchase, asset purchase, or private merger. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.

Purchase Agreement: Non-compete and Non-solicit Provision

Practical Law Standard Clauses 8-383-9978 (Approx. 10 pages)

Purchase Agreement: Non-compete and Non-solicit Provision

by Practical Law Corporate & Securities
MaintainedUSA (National/Federal)
A covenant which restricts the seller and its affiliates from competing with the target company or the acquired business, and from soliciting employees and customers of the target company or the buyer, for a period after the closing. This covenant can be used in connection with a stock purchase, asset purchase, or private merger. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.