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Non Compete Asset Purchase Agreement
I need a Non Compete Asset Purchase Agreement under Danish law for the acquisition of a software development company in Copenhagen, with a particular focus on protecting the source code and customer relationships, and a non-compete period of 3 years from March 2025.
1. Parties: Identification of the seller and purchaser, including full legal names, registration numbers, and addresses
2. Background: Context of the transaction, including brief description of the business and assets being purchased
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase of Assets: Details of the assets being transferred and the basis of transfer
5. Purchase Price: Purchase price, payment terms, and any adjustments
6. Closing: Conditions precedent, closing mechanics, and timing
7. Non-Compete Provisions: Detailed non-compete obligations including scope, duration, and geographical limitations
8. Seller's Warranties: Warranties regarding the assets, business, and authority to sell
9. Tax Matters: Tax implications and responsibilities related to the transfer
10. Confidentiality: Confidentiality obligations regarding the transaction and business information
11. Further Assurance: Obligations to execute further documents and take additional steps if needed
12. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes
13. Notices: Process and requirements for formal notices under the agreement
14. General Provisions: Standard boilerplate provisions including severability, entire agreement, and amendments
1. Employee Matters: Required if employees are being transferred or affected by the transaction
2. Intellectual Property Rights: Required if significant IP assets are included in the purchase
3. Real Estate: Required if real property assets are included in the purchase
4. Environmental Matters: Required if the business involves environmental risks or permits
5. Transitional Services: Required if seller will provide post-closing services to maintain business continuity
6. Data Protection: Required if personal data processing is involved in the transaction
7. Competition Clearance: Required if the transaction requires competition authority approval
1. Schedule 1 - Asset List: Detailed inventory of all assets being transferred
2. Schedule 2 - Excluded Assets: List of assets specifically excluded from the transfer
3. Schedule 3 - Purchase Price Allocation: Breakdown of purchase price across asset categories
4. Schedule 4 - Employees: List of affected employees and their key employment terms
5. Schedule 5 - Intellectual Property: Detailed list of IP rights being transferred
6. Schedule 6 - Contracts: List of contracts being transferred or requiring assignment
7. Schedule 7 - Properties: Details of any real estate assets included in the sale
8. Schedule 8 - Warranties: Detailed seller's warranties
9. Schedule 9 - Closing Actions: List of actions required to complete the closing
10. Appendix A - Form of Transfer Documents: Ƶ for asset transfer documentation
11. Appendix B - Non-Compete Declaration: Formal non-compete undertaking document
Authors
Manufacturing
Technology
Professional Services
Retail
Healthcare
Financial Services
Industrial
Software
Consumer Goods
Pharmaceuticals
Energy
Telecommunications
Real Estate
Agriculture
Transportation
Legal
Finance
Corporate Development
Mergers & Acquisitions
Executive Leadership
Commercial
Business Development
Compliance
Risk Management
Operations
Chief Executive Officer
Chief Financial Officer
General Counsel
Legal Director
Corporate Development Director
Head of Mergers & Acquisitions
Business Development Manager
Commercial Director
Chief Operating Officer
Finance Manager
Legal Counsel
Corporate Lawyer
Transaction Manager
Integration Manager
Risk Manager
Compliance Officer
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