The Payment For Non-Compete Agreement is utilized when an organization wishes to protect its legitimate business interests by preventing a departing employee from competing activities, in exchange for financial compensation. Common in Singapore's competitive business environment, this document outlines specific restrictions, payment terms, and duration of non-compete obligations. It must be drafted in compliance with Singapore's legal framework, ensuring reasonable scope and adequate consideration. This agreement is particularly relevant when dealing with senior employees or those with access to sensitive information, trade secrets, or valuable client relationships.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the parties entering into the agreement
2. Background: Context and circumstances leading to the agreement, including reference to prior employment or business relationship
3. Definitions: Key terms used throughout the agreement including Restricted Period, Restricted Territory, and Restricted Activities
4. Non-Compete Obligations: Detailed restrictions and their scope, including specific prohibited activities and geographic limitations
5. Payment Terms: Amount, timing, and conditions of non-compete payments, including any tax considerations
6. Duration: Specific period during which the non-compete restrictions will apply
7. Governing Law: Specification of Singapore law as governing law and jurisdiction
1. Confidentiality: Additional provisions regarding confidential information and trade secrets
2. Non-Solicitation: Additional restrictions on soliciting employees, customers, or suppliers
3. Dispute Resolution: Specific mechanisms for resolving disputes, including mediation or arbitration procedures
4. Remedies: Specific remedies available in case of breach, including injunctive relief
1. Payment Schedule: Detailed breakdown of payment amounts, dates, and any conditions precedent
2. Restricted Territory: Detailed definition and map of geographic areas where restrictions apply
3. Restricted Activities: Comprehensive list of prohibited business activities and sectors
4. Competitors List: Specific companies or entities with whom engagement is prohibited
Authors
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Freelance Payment Contract
A Singapore-law governed contract defining payment terms and conditions between clients and freelancers.
find out more
Undertaking Letter For Commission Payment
A Singapore law-governed undertaking letter that commits to specific commission payments, outlining terms and conditions between parties.
find out more
Tripartite Agreement For Third Party Payment
A Singapore-law governed agreement establishing terms for a third party to make payments on behalf of a debtor to a creditor.
find out more
Settlement Agreement Payment Terms
A Singapore law-governed document specifying the terms and conditions for settlement payments between parties to resolve a dispute.
find out more
Royalty Agreement Form
A Singapore-law governed agreement establishing terms for intellectual property licensing and royalty payments.
find out more
Recurring Payment Agreement
A Singapore-law governed agreement establishing terms for automated regular payments between parties, compliant with local payment services and consumer protection regulations.
find out more
Rental Agreement Advance Payment
A Singapore-compliant legal document governing advance rental payments between landlord and tenant, including payment terms and conditions.
find out more
Personal Loan Repayment Agreement
A legally binding agreement under Singapore law that establishes terms for personal loan repayment, including loan amount, interest, and payment schedule.
find out more
Payment Plan Letter To Debtor
A Singapore-compliant formal agreement establishing structured repayment terms for outstanding debt.
find out more
Payment For Non Compete Agreement
A Singapore-governed agreement providing payment in exchange for post-employment non-compete restrictions.
find out more
Payment For Contract
A Singapore-law governed agreement establishing payment terms and conditions for contractual obligations.
find out more
Pay Off Agreement
A Singapore-law governed agreement detailing terms and conditions for debt settlement, including payment schedule and release provisions.
find out more
Pay Back Contract
A legally binding agreement under Singapore law that establishes terms for the repayment of funds between parties.
find out more
Partial Payment Agreement For Lot
A Singapore-governed agreement establishing terms for purchasing a lot through structured partial payments, detailing payment schedule and parties' obligations.
find out more
Partial Payment Agreement For House And Lot
A Singapore-compliant agreement outlining terms for purchasing property through structured partial payments.
find out more
Loan Repayment Agreement Letter
A Singapore-compliant agreement outlining loan repayment terms and conditions between lender and borrower.
find out more
Non Payment Agreement
A Singapore-law governed agreement that formally documents terms and conditions for the non-payment or modification of financial obligations between parties.
find out more
Lot Payment Agreement
A Singapore-governed agreement establishing terms and payment schedule for purchasing a lot of land or property.
find out more
Land Payment Agreement Letter
A formal document used in Singapore that specifies payment terms and conditions for land acquisition transactions.
find out more
Install Agreement
A Singapore law-governed agreement defining terms and conditions for equipment or system installation services.
find out more
Independent Contractor Payment Agreement
A Singapore-law governed agreement setting payment terms between companies and independent contractors, establishing service scope and compensation structure.
find out more
Final Payment Agreement
A Singapore-law governed agreement that documents final payment terms and mutual releases between parties, concluding a contractual relationship.
find out more
Employee Repayment Agreement Letter
A Singapore-compliant document establishing terms for employee repayment of costs to their employer.
find out more
Down Payment Contract
A Singapore-compliant legal agreement establishing terms and conditions for an advance partial payment in a purchase transaction.
find out more
Delayed Payment Agreement
A Singapore law-governed agreement that restructures existing debt payment terms between creditor and debtor.
find out more
Commitment Letter To Pay Debt
A legally binding commitment under Singapore law to pay an acknowledged debt according to agreed terms.
find out more
Commission Payment Agreement
A Singapore-law governed agreement establishing terms for commission-based compensation between parties, including payment terms and performance requirements.
find out more
Car Payment Agreement Between Two Parties
A Singapore-law governed agreement establishing payment terms and conditions between two parties for vehicle purchase.
find out more
Billing Agent Agreement
A Singapore-law governed agreement establishing terms for billing and collection services between a billing agent and principal.
find out more
Arrears Repayment Agreement
A Singapore-compliant agreement establishing terms for repayment of outstanding debts in arrears.
find out more
Agreement To Pay Rent Arrears
A Singapore-compliant agreement establishing terms for repayment of outstanding rent between landlord and tenant.
find out more
Agreement Letter For Receiving Money
A Singapore-law governed agreement letter acknowledging and setting terms for the receipt of money between parties.
find out more
Agreement For Cash Payment
A Singapore-law governed agreement establishing terms for monetary transactions between parties, including payment schedules and compliance requirements.
find out more
Accident Payment Agreement Letter
A Singapore-compliant legal document outlining accident compensation terms and payment agreements between involved parties.
find out more
Advance Payment Contract
A Singapore law-governed agreement establishing terms for payments made in advance of goods or services delivery.
find out more
Advance Payment Agreement
A Singapore law-governed agreement establishing terms and conditions for advance payments between parties, including security arrangements and refund mechanisms.
find out more
Third Party Payment Contract
A Singapore law-governed contract establishing terms for third party payment arrangements between a payor, debtor, and creditor.
find out more
Tenancy Agreement Payment
A Singapore-compliant agreement outlining rental payment terms between landlord and tenant.
find out more
Sale Payment Agreement
A Singapore-law governed agreement establishing payment terms and conditions for sales transactions.
find out more
Prepayment Agreement
A Singapore law-governed agreement establishing terms for advance payment arrangements between parties.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)