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Non Compete Product Agreement for Singapore

Non Compete Product Agreement Template for Singapore

A legally binding agreement under Singapore law that restricts one party from competing with specific products of another party. The agreement defines the scope of restricted products, geographical limitations, and duration of non-competition. It incorporates Singapore's competition law requirements and must meet reasonableness standards under common law principles. The document provides protection for legitimate business interests while ensuring compliance with Singapore's restraint of trade doctrine.

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What is a Non Compete Product Agreement?

A Non Compete Product Agreement is essential when businesses need to protect their product-related interests in the Singapore market. This document is particularly valuable when sharing proprietary product information with business partners, suppliers, or distributors, or when divesting product lines. The agreement must comply with Singapore's legal framework, including competition law and the restraint of trade doctrine. It typically includes specific product definitions, geographic scope, duration of restrictions, and protection mechanisms for intellectual property and trade secrets.

What sections should be included in a Non Compete Product Agreement?

1. Parties: Identification and details of all contracting parties

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used tHRoughout the agreement

4. Scope of Non-Compete: Specific products, services, and activities covered by the restriction

5. Duration: Time period for which restrictions apply

6. Geographic Scope: Territorial limitations of the non-compete restrictions

7. Confidentiality Obligations: Protection of confidential information and trade secrets

8. Governing Law: Specification of Singapore law as governing law

What sections are optional to include in a Non Compete Product Agreement?

1. Assignment Rights: Rights to transfer obligations, used when transferability is important

2. International Trade Provisions: Specific provisions for international trade compliance when products involve cross-border trade

3. Exit Provisions: Conditions for early termination when flexibility in termination is required

What schedules should be included in a Non Compete Product Agreement?

1. Schedule 1: Restricted Products: Detailed list of products covered by the non-compete

2. Schedule 2: Restricted Territory: Detailed description of geographic restrictions

3. Schedule 3: Competitive Activities: Specific activities prohibited under the agreement

4. Appendix A: Technical Specifications: Technical details of restricted products if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Singapore

Publisher

Genie AI

Cost

Free to use

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