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1. Parties: Identifies all shareholders and the company that are party to the agreement
2. Background: Sets out the context of the agreement, including company details and purpose of the agreement
3. Definitions and Interpretation: Defines key terms used throughout the agreement and interpretation rules
4. Non-Compete Obligations: Core restrictions on competitive activities, including scope, duration, and geographical limits
5. Confidentiality Obligations: Provisions protecting company and shareholder confidential information
6. Duration of Restrictions: Specifies the time period for which non-compete and other restrictions apply
7. Shareholding Requirements: Details minimum shareholding requirements and any lock-up periods
8. Transfer Restrictions: Restrictions on the transfer of shares and right of first refusal provisions
9. Enforcement and Remedies: Mechanisms for enforcing the agreement and remedies for breach
10. Governing Law and Jurisdiction: Specifies Hong Kong law as governing law and jurisdiction for disputes
11. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Garden Leave: Include when shareholders may also be employees, specifying terms during notice period
2. Non-Solicitation of Employees: Additional restrictions on soliciting company employees, include for larger companies
3. Non-Solicitation of Customers: Additional restrictions on approaching company customers, include for customer-facing businesses
4. Intellectual Property Protection: Include when the business relies heavily on IP or when shareholders may develop IP
5. Dispute Resolution: Include detailed arbitration or mediation procedures if preferred over court proceedings
6. Tag-Along Rights: Include to protect minority shareholders in case of sale by majority
7. Drag-Along Rights: Include to enable majority shareholders to force minority participation in a sale
8. Put and Call Options: Include when shareholders want pre-agreed exit mechanisms
1. Schedule 1 - Details of the Company: Company registration details, share capital structure, and current shareholdings
2. Schedule 2 - Restricted Business Activities: Detailed list of business activities covered by non-compete provisions
3. Schedule 3 - Restricted Territory: Geographical areas where non-compete restrictions apply
4. Schedule 4 - Deed of Adherence: Form for new shareholders to sign up to the agreement
5. Schedule 5 - Competitors List: List of specific competitors covered by non-compete provisions
6. Appendix A - Share Transfer Procedures: Detailed procedures for implementing share transfers
7. Appendix B - Valuation Mechanisms: Agreed methods for valuing shares for transfer purposes
Technology
Professional Services
Financial Services
Manufacturing
Healthcare
Retail
E-commerce
Consulting
Real Estate
Education
Media and Entertainment
Biotechnology
Software Development
Trading and Distribution
Legal
Corporate Governance
Board of Directors
Executive Management
Company Secretariat
Compliance
Corporate Affairs
Investment
Business Development
Risk Management
Chief Executive Officer
Managing Director
Company Secretary
Chief Financial Officer
Board Director
General Counsel
Corporate Lawyer
Investment Director
Business Development Director
Founding Partner
Executive Director
Chief Operating Officer
Head of Legal
Compliance Officer
Company Director
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