Trakti Smart "Legal" Contracts Blog


on October 9, 2023

A non-compete agreement prevents one or both of the contracting parties from competing with the other party in certain ways. It can either be inserted as one of the terms of the contract or it can form a stand-alone agreement. This agreement shall include reasonable time limits and territorial restrictions. It must not go beyond what is reasonably necessary to protect legitimate commercial interests otherwise might be unenforceable.

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