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    Noncompetition and Nonsolicitation Agreement


    Before you close the purchase of that business you're buying, get the seller to sign this Noncompetition and Nonsolicitation Agreement.

    • The person you bought the business from could become your newest competitor, unless you get them to sign this Noncompetition and Nonsolicitation Agreement as a condition of the closing.
    • The seller agrees not to operate a business that competes directly or indirectly with the Business you're acquiring for a specified period of time after completion of the sale (non-competition).
    • The seller also agrees not to solicit the customers or employees of the purchaser (non-solicitation).
    • The purchaser agrees to keep confidential any proprietary information belonging to the seller.
    • This is a generic legal form which can be used anywhere.
    Download Type: Microsoft Word
    Last Updated: 30-June-2021
    SKU: 599