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AGREEMENTS ON PROHIBITION OF COMPETITION

Arrangements on prohibition of competition are part of companies risk management.

When parties hand out business secrets to each other they should also agree that this information is not used for competitive purposes.

Prohibition of competition agreement can be made separately or it can be a part of an employment or co-operation contract.

View also confidentiality agreement

 

Benefits of a prohibition of competition agreement:

  • Improved risk management
  • The extent of the prohibition of competition agreement can be determined in advance
  • Contractual penalties can be determined in advance
  • Increases the value of the company

Contact our expert. Our preliminary consultation is free.

 
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