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Commercial Contract COMPETE AGREEMENT Small and Medium Enterprises Development Authority Ministry of Industries & Production Government of Pakistan www.smeda.org.pk HEAD OFFICE 4th Floor, Building

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How to fill out non compete agreement

01

Read the agreement thoroughly to understand all the terms and conditions.

02

Fill in your personal information accurately including your name, address, and contact details.

03

Include the details of the company you are agreeing not to compete with.

04

Specify the duration of the non-compete agreement.

05

Sign and date the agreement to make it legally binding.

Who needs non compete agreement?

01

Employers who want to prevent employees from leaving and competing against them.

02

Business owners who want to protect their trade secrets and confidential information.

03

Individuals entering into partnership agreements or franchise agreements.

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What is non-compete agreement?

A non-compete agreement is a legally binding contract between an employer and employee where the employee agrees not to enter into competition with the employer after the employment relationship ends.

Who is required to file non-compete agreement?

Typically, it is the employer who requires the employee to sign a non-compete agreement.

How to fill out non-compete agreement?

A non-compete agreement can be filled out by including the names of the employer and employee, the effective date, the duration of the non-compete period, and the specific restrictions.

What is the purpose of non-compete agreement?

The purpose of a non-compete agreement is to protect the employer's business interests and prevent the employee from taking knowledge or skills gained during employment to a competitor.

What information must be reported on non-compete agreement?

The non-compete agreement should include details such as the parties involved, the duration of the agreement, the geographic scope of the restriction, and any compensation provided to the employee for signing the agreement.

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