This agreement is between a purchaser and a seller. In order that purchaser This agreement is between a purchaser and a seller. In order that purchaser may obtain the full benefit of the business and the goodwill related thereto, the seller does covenant and agree that for a certain period after the closing date, seller will not, directly or indirectly (as agent, consultant or otherwise) quote or produce any injection molding tooling or injection molded items throughout a given territory.
A Nevada Non-Compete Agreement for Business Sale is a legal contract typically entered into between a buyer and a seller when selling a business in the state of Nevada. This agreement is designed to protect the buyer's investment by preventing the seller from competing with the sold business for a certain period of time and within a specified geographical location. Keywords: Nevada Non-Compete Agreement, Business Sale, buyer, seller, legal contract, investment, competing, geographical location. There are three main types of Nevada Non-Compete Agreements for Business Sale: 1. General Non-Compete Agreement: This is a broad agreement that prohibits the seller from engaging in any business activity that directly competes with the sold business within a specific geographical area. It typically includes provisions regarding the duration of the non-compete, such as specifying a time frame, usually a few years, during which the seller cannot start a new competing business. 2. Limited Non-Compete Agreement: A limited non-compete agreement restricts the seller from engaging in business activities within a narrower scope, such as operating a similar business only in a specific neighborhood or targeting a specific customer base. This type of agreement may also include restrictions on soliciting the sold business's customers or employees. 3. Non-Compete Agreement with Buyout Provision: This agreement allows the seller to engage in competitive business activities within a defined period, but with a provision for a buyout option. The buyer has the opportunity to "buy out" the non-compete clause at a predetermined price, enabling the seller to compete freely after compensation. When drafting a Nevada Non-Compete Agreement for Business Sale, it is crucial to consult with a qualified attorney to ensure the agreement complies with Nevada state laws and covers all relevant details to protect the buyer's interests. Keywords: Nevada Non-Compete Agreement, Business Sale, attorney, laws, protection, interests.
A Nevada Non-Compete Agreement for Business Sale is a legal contract typically entered into between a buyer and a seller when selling a business in the state of Nevada. This agreement is designed to protect the buyer's investment by preventing the seller from competing with the sold business for a certain period of time and within a specified geographical location. Keywords: Nevada Non-Compete Agreement, Business Sale, buyer, seller, legal contract, investment, competing, geographical location. There are three main types of Nevada Non-Compete Agreements for Business Sale: 1. General Non-Compete Agreement: This is a broad agreement that prohibits the seller from engaging in any business activity that directly competes with the sold business within a specific geographical area. It typically includes provisions regarding the duration of the non-compete, such as specifying a time frame, usually a few years, during which the seller cannot start a new competing business. 2. Limited Non-Compete Agreement: A limited non-compete agreement restricts the seller from engaging in business activities within a narrower scope, such as operating a similar business only in a specific neighborhood or targeting a specific customer base. This type of agreement may also include restrictions on soliciting the sold business's customers or employees. 3. Non-Compete Agreement with Buyout Provision: This agreement allows the seller to engage in competitive business activities within a defined period, but with a provision for a buyout option. The buyer has the opportunity to "buy out" the non-compete clause at a predetermined price, enabling the seller to compete freely after compensation. When drafting a Nevada Non-Compete Agreement for Business Sale, it is crucial to consult with a qualified attorney to ensure the agreement complies with Nevada state laws and covers all relevant details to protect the buyer's interests. Keywords: Nevada Non-Compete Agreement, Business Sale, attorney, laws, protection, interests.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.