A Payment For Non-Compete Agreement is essential in protecting business interests while ensuring fair compensation for restricted individuals under Irish law. This document is typically used when an organization needs to protect its legitimate business interests, trade secrets, and competitive advantage by restricting former employees from competing activities. The agreement is particularly relevant for senior executives, key technical staff, or employees with access to sensitive information. It must comply with Irish employment law principles regarding reasonableness in duration, geographical scope, and scope of activities. The document includes detailed payment structures, tax considerations, and enforcement mechanisms, while ensuring the restrictions are proportionate and supported by adequate consideration to be enforceable under Irish law.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identifies and defines the parties to the agreement - typically the employer/company and the individual subject to non-compete restrictions
2. Background: Sets out the context of the agreement, including the individual's role and access to confidential information/trade secrets
3. Definitions: Defines key terms used throughout the agreement, including 'Restricted Business', 'Territory', 'Confidential Information', etc.
4. Non-Compete Obligations: Details the specific restrictions, including scope of prohibited activities, geographical limitations, and duration
5. Payment Terms: Specifies the amount, timing, and conditions of payments in consideration for the non-compete obligations
6. Duration and Territory: Explicitly states the time period and geographical area where the restrictions apply
7. Tax Treatment: Addresses the tax implications of the payments and responsibilities of each party
8. Breach and Remedies: Outlines consequences of breach and available remedies, including injunctive relief
9. Governing Law and Jurisdiction: Specifies Irish law as governing law and jurisdiction for disputes
10. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments
1. Confidentiality Obligations: Additional section when the agreement needs to include specific confidentiality provisions beyond standard non-compete
2. Non-Solicitation: Optional section when restrictions on soliciting employees, customers, or suppliers are needed
3. Garden Leave: Include when the agreement is part of a broader arrangement including garden leave provisions
4. Reporting Requirements: When ongoing reporting of compliance is required
5. Exceptions and Permitted Activities: When specific activities need to be carved out from the restrictions
6. Assignment Rights: When transfer of rights under the agreement needs to be addressed
7. Independent Legal Advice: Confirmation of receiving independent legal advice, particularly important for enforceability in Ireland
1. Schedule 1 - Payment Schedule: Detailed breakdown of payment amounts, dates, and any conditions precedent
2. Schedule 2 - Restricted Territory: Detailed definition and/or maps of the geographical area covered by restrictions
3. Schedule 3 - Restricted Business Activities: Detailed list of specific business activities covered by the non-compete
4. Appendix A - Acknowledgment Form: Form for the individual to acknowledge understanding and acceptance of terms
5. Appendix B - Compliance Certificate: Template for periodic certification of compliance with restrictions
Find the exact document you need
Monthly Payment Contract
An Irish law-governed contract establishing terms and conditions for recurring monthly payments between parties, ensuring regulatory compliance and payment processing structure.
Download
Vehicle Payment Agreement
An Irish law-governed agreement establishing terms and conditions for vehicle financing, including payment schedules, ownership details, and parties' obligations.
Download
Rent Arrears Repayment Agreement
An Irish law-compliant agreement establishing a formal repayment plan for rent arrears between landlord and tenant, with detailed payment terms and obligations.
Download
Interim Payment Agreement
An Irish law-governed agreement establishing terms and procedures for interim payments during project execution, compliant with the Construction Contracts Act 2013.
Download
Rental Agreement Payment Terms
An Irish law-compliant document specifying rental payment terms, conditions, and schedules for property lettings in Ireland.
Download
Lease Agreement Payment Terms
Irish law-compliant lease agreement payment terms document specifying rent and other financial obligations for property leases.
Download
Fee Payment Agreement
An Irish law-governed agreement establishing terms and conditions for fee payments, including payment schedules, methods, and obligations.
Download
Accident Payment Agreement
An Irish law-governed agreement documenting the terms and conditions of accident compensation payment and final settlement of claims.
Download
Contract For Repayment Of Money
An Irish law-governed agreement establishing terms for money repayment between lender and borrower, including loan amount, repayment schedule, and interest terms.
Download
Payment For Non Compete Agreement
An Irish law agreement providing payment in exchange for post-employment non-compete restrictions, including payment terms and enforcement provisions.
Download
Pay Off Agreement
An Irish law-governed agreement detailing employment termination terms, settlement payment, and mutual obligations between employer and employee.
Download
Partial Payment Agreement For Lot
An Irish law-governed agreement establishing terms for purchasing a lot through structured partial payments, including payment schedule and ownership transfer conditions.
Download
Final Payment Agreement
An Irish law-governed agreement that documents final payment terms and mutual releases between parties, formalizing the settlement of financial obligations.
Download
Commission Payment Agreement
An Irish law-governed agreement establishing commission payment terms and conditions between a principal/employer and agent/employee.
Download
Arrears Repayment Agreement
An Irish law-governed agreement establishing structured repayment terms for outstanding debts in arrears, ensuring compliance with Irish financial services regulations and consumer protection laws.
Download
Advance Payment Agreement
An Irish law-governed agreement setting out terms and conditions for advance payments, including security arrangements and recovery mechanisms.
Download
Rental Payment Agreement Letter
An Irish law-governed letter agreement establishing rental payment terms and conditions between landlord and tenant, supplementing the main lease agreement.
Download
Prepayment Agreement
An Irish law-governed agreement establishing terms for advance payment arrangements, including payment mechanics, usage conditions, and regulatory compliance requirements.
Download
Pay Settlement Agreement
An Irish law-governed agreement documenting terms of employment-related financial settlement between employer and employee.
Download
Non Refundable Payment Agreement
An Irish law-governed agreement establishing terms for non-refundable payments, ensuring legal compliance while protecting both parties' interests.
Download
Money Received Agreement
An Irish law-governed agreement documenting the receipt of funds between parties, including payment details and associated terms.
Download
Loan Repayment Agreement Employee
An Irish law-governed agreement establishing terms for an employer-provided loan and its repayment through salary deductions.
Download
Loan Repayment Agreement Between Friends
An Irish law-governed agreement that formalizes and documents loan terms between friends, including repayment conditions and obligations of both parties.
Download
Letter Of Repayment Agreement
An Irish law-governed document establishing legally binding terms for debt repayment between creditor and debtor, including payment schedule and default provisions.
Download
Letter For Agreement Of Payment
An Irish law-governed formal document establishing legally binding payment terms and schedules between a creditor and debtor for debt settlement.
Download
Invoicing Agreement
An Irish law-governed agreement establishing billing arrangements between parties, including invoice requirements, payment terms, and compliance with Irish and EU regulations.
Download
Deferred Sale Agreement
An Irish law-governed agreement structuring the sale of assets with deferred payment terms, detailing payment schedule and ownership transfer conditions.
Download
Deferment Agreement
An Irish law agreement that formally documents the postponement of payment obligations between parties, establishing new payment terms and conditions.
Download
Cash Payment Contract
An Irish law-governed agreement establishing terms and conditions for cash payment transactions, ensuring regulatory compliance and defining payment terms.
Download
Payment Terms Contract
An Irish law-governed agreement establishing payment terms, schedules, and obligations between commercial parties.
Download
Collection Payment Plan Letter
An Irish-law governed formal letter establishing agreed terms for structured debt repayment between creditor and debtor.
Download
Late Payment Agreement
An Irish law-governed agreement that establishes terms and schedule for settling overdue payments between a creditor and debtor.
Download
Contract For Repayment Of Debt
An Irish law-governed agreement establishing formal terms for debt repayment, including payment schedule, interest, and enforcement provisions.
Download
Commitment Letter For Payment
An Irish law-governed formal letter documenting a binding commitment to make specified payments under defined terms and conditions.
Download
Repayment Contract Agreement
An Irish law-governed agreement establishing terms and conditions for debt repayment, including payment schedules, interest rates, and party obligations.
Download
Rent Payment Agreement
An Irish law-governed agreement establishing rental payment terms and conditions between landlord and tenant, compliant with the Residential Tenancies Act 2004.
Download
Payment Schedule Contract
An Irish law-governed agreement establishing structured payment terms and obligations between parties, including payment schedules, methods, and enforcement mechanisms.
Download
Letter Of Agreement For Payment Of Debt
An Irish law-governed formal document establishing legally binding terms for debt repayment between creditor and debtor, including payment schedule and default provisions.
Download
Debt Repayment Agreement
An Irish law-governed agreement establishing structured repayment terms between creditor and debtor for outstanding debt resolution.
Download
Full Payment Agreement
An Irish law-governed agreement establishing terms for complete payment settlement between parties, including payment schedule, methods, and enforcement provisions.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)