Non-Compete Agreement
Template for restricting competing activities after an employment or commercial relationship ends.
This Non-Compete Agreement (the "Agreement") is entered into on Date (the "Effective Date").
1. Parties
Company
- Full legal name: Company name
- Registered address: Address
- CVR/ID No.: CVR
Restricted Party
- Full legal name: Company name
- Address: Address
- CPR/ID No.: CVR
The Company and the Restricted Party are each a "Party" and together the "Parties".
2. Purpose and Eligibility
2.1 Legitimate Interests
The Restricted Party has access to confidential information, trade secrets, customer relationships, and strategic business knowledge.
2.2 Objective
This Agreement is intended to protect the Company's legitimate business interests following termination of employment or contractual engagement.
2.3 Position of Special Trust
The Company confirms that a non-compete clause may only lawfully be imposed on an employee who occupies a position of special trust or confidence, or who otherwise has genuine access to information that could be exploited to harm the Company if used by a competitor, in accordance with the Danish Act on Employment Clauses (Lov om ansættelsesklausuler). The Parties confirm that the Restricted Party occupies such a position and specify below the confidential information and/or customer relationships that justify this Agreement: Specify confidential information / customer relationships.
3. Non-Compete Obligation
3.1 Restricted Activities
During the Restricted Period, the Restricted Party shall not, directly or indirectly:
- engage in activities that compete with the Company's core business
- own, manage, control, or be employed by a competing business
- assist or advise any competing entity in a role similar to that performed for the Company
3.2 Passive Ownership
Passive ownership of publicly traded shares not exceeding Number% shall not constitute a breach.
4. Scope of Restriction
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