Non-Compete: Restriction on Serving Competitors

Non-Compete: Restriction on Serving Competitors


During the term of this Agreement and for ___ days following termination, Vendor shall not provide Comparable Services to a Competitor for use or consumption in ______ [geographic territory]. For breach of this Section __, Vendor shall pay Customer $____ per Competitor, as liquidated damages. (“Comparable Services” refers to _________________. “Competitor” refers to _______________.)

[Note that The Tech Contracts Handbook includes warnings about the legal consequences of using non-compete terms like the one above. See Subchapter II.O.1. We recommend that you read those warnings and consult with appropriate counsel before using the clause above.]