GENOMA BIOINFORMATICS LLC
NON-COMPETE AGREEMENT
Effective Date: [Insert Date]
This Non-Compete Agreement (“Agreement”) is entered into by and between:
Genoma Bioinformatics LLC (“Company”), located at Genoma Bioinformatics, and
[Employee/Contractor’s Name] (“Restricted Party”), located at [Restricted Party’s Address].
The parties agree as follows:
1. Purpose
The purpose of this Agreement is to protect the Company’s legitimate business interests, including its confidential information, trade secrets, client relationships, and competitive advantage.
2. Non-Compete Obligations
- Restricted Activities: During the term of this Agreement and for a period of [Insert Duration, e.g., “12 months”] after the termination of the Restricted Party’s engagement with the Company, the Restricted Party agrees not to:
- Engage in any business that competes with the Company within [Insert Geographic Scope, e.g., “the State of Nebraska” or “the United States”].
- Solicit or attempt to solicit any of the Company’s clients, customers, or employees.
- Work for, consult with, or provide services to any competitor of the Company.
- Exclusions: This Agreement does not prohibit the Restricted Party from:
- Owning less than 5% of the outstanding shares of a publicly traded company.
- Working in a non-competitive role that does not involve the use or disclosure of the Company’s confidential information.
3. Confidentiality
- Definition: “Confidential Information” includes all non-public, proprietary, or sensitive information disclosed by the Company to the Restricted Party.
- Obligations: The Restricted Party agrees to:
- Use Confidential Information solely for the purpose of performing their duties for the Company.
- Protect Confidential Information with reasonable care.
- Not disclose Confidential Information to any third party without the Company’s prior written consent.
4. Consideration
In exchange for agreeing to the terms of this Agreement, the Restricted Party will receive:
- [Insert Consideration, e.g., “employment with the Company,” “access to confidential information,” or “a one-time payment of $X”].
5. Enforcement
- Injunctive Relief: The Company may seek injunctive relief to enforce this Agreement without the need to post a bond.
- Legal Fees: If the Company prevails in any legal action to enforce this Agreement, the Restricted Party will be responsible for the Company’s legal fees and costs.
6. Governing Law
This Agreement is governed by the laws of the State of Nebraska, without regard to its conflict of law principles.
7. Severability
If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions will remain in full force and effect.
8. Entire Agreement
This Agreement constitutes the entire understanding between the parties and supersedes all prior agreements or understandings regarding the subject matter.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date.
Genoma Bioinformatics LLC
By: ___________________________
Name: _________________________
Title: _________________________
Date: ___________________________
[Employee/Contractor’s Name]
By: ___________________________
Name: _________________________
Title: _________________________
Date: ___________________________
Genoma Bioinformatics 