CONTRACTOR NON-COMPETE AGREEMENT |
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THIS CONTRACTOR NON-COMPETE AGREEMENT ("Agreement") is made as of 년 월 일 by and |
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between ○○○, Ltd., ("Company") and ○○○, Ltd., ("Contractor"). |
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Contractor desires to give, and Company desires to receive from Contractor, a covenant not to |
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engage, either directly or indirectly, in competition with, or to solicit any customer, client, or account |
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of, Company. |
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Company and Contractor desire to set forth in writing the terms and conditions of their agreements |
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and understandings. |
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NOW, THEREFORE, in consideration of the foregoing, of the mutual promises herein contained, and |
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of other good and valuable consideration, the receipt and sufficiency of which are hereby |
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acknowledged, the parties hereto, intending legally to be bound, hereby agree as follows: |
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1. |
Covenants Against Competition. |
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Contractor acknowledges that the services to be rendered to Company have a significant and |
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material value to Company, the loss of which cannot adequately be compensated by damages |
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alone. In view of the significant and material value to Company of the services of Contractor for |
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which Company has employed Contractor; and the confidential information obtained by or |
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disclosed to Contractor as an employee of Company; and as a material inducement to Company to |
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employ Contractor and to pay to Contractor compensation for such services to be rendered for |
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Company by Contractor (it being understood and agreed by the parties hereto that such |
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non-competition shall also be paid for and received in consideration hereof), Contractor covenants |
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and agrees as follows: |
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A. |
During Contractor's employment by Company and for a period of three years after Contractor |
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ceases to be employed by Company, Contractor shall not within Taiwan directly or indirectly, |
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either for Contractor's own account or as a partner, shareholder (other than shares regularly |
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traded in a recognized market), officer, employee, agent or otherwise solicit business or sales |
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from, or attempt to convert to other sellers or providers of the same or similar products or |
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services as provided by Company, any customer, client or account of Company with which |
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Contractor has had any contact during the term of employment. |
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B. |
During employment and for a period of 24 months thereafter, Contractor shall not, directly or |
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indirectly, solicit for employment or employ any employee of Company. |
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C. |
During employment, and thereafter for a period of 24 months, Contractor shall not disclose to |
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anyone any Confidential Information. For the purposes of this Agreement, "Confidential |
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Information" shall include any of Company's confidential, proprietary or trade secret information |
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that is disclosed to Contractor or Contractor otherwise learns in the course of employment such |
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as, but not limited to, business plans, customer lists, financial statements, software diagrams, |
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flow charts and product plans. Confidential Information shall not include any information which; |
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(i) is or becomes publicly available through no act of Contractor, (ii) is rightfully received by |
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Contractor from a third party without restrictions; or (iii) is independently developed by |
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Contractor. |
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2. |
At Will. |
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Contractor acknowledges that Contractors employment is "at will", subject to applicable law, and |
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that either Company or Contractor may terminate employment at any time, with or without notice, for |
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any reason or no reason whatsoever. Nothing in this Agreement shall constitute a promise of |
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employment for any particular duration or rate of pay. |
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3. |
Accounting for Profits. |
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Contractor covenants and agrees that, if Contractor shall violate any covenants or agreements in |
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Section 1 hereof, Company shall be entitled to an accounting and repayment of all profits, |
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compensation, commissions, remunerations or benefits which Contractor directly or indirectly has |
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realized and/or may realize as a result of, growing out of or in connection with any such violation; |
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such remedy shall be in addition to and not in limitation of any injunctive relief or other rights or |
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remedies to which Company is or may be entitled at law or in equity or under this Agreement. |
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4. |
Reasonableness of Restrictions. |
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A. |
Contractor has carefully read and considered the provisions of Section 1 hereof and, |
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having done so, agrees that the restrictions set forth therein (including, but not limited to, the |
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time period of restriction and the geographical areas of restriction) are fair and reasonable |
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and are reasonably required for the protection of the interests of Company, its officers, |
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directors, shareholders and other employees. |
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B. |
In the event that, notwithstanding the foregoing, any part of the covenants set forth in Section |
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1 hereof shall be held to be invalid or unenforceable, the remaining parts thereof shall |
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nevertheless continue to be valid and enforceable as though the invalid or unenforceable |
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parts had not been included therein. In the event that any provision of Section 1 relating to |
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time period and/or areas of restriction shall be declared by a court of competent jurisdiction |
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to exceed the maximum time period or areas such court deems reasonable and |
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enforceable, the agreed upon time period and/or areas of restriction shall be deemed to |
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become and thereafter be the maximum time period and/or areas which such court deems |
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reasonable and enforceable. |
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5. |
Burden and Benefit. |
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This Agreement shall be binding upon, and shall inure to the benefit of, Company and Contractor, |
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and their respective heirs, personal and legal representatives, successors and assigns. |
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6. |
Governing Law. |
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Construction and interpretation of this Agreement shall at all times and in all respects be governed |
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by the laws of Taiwan. |
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7. |
Severability. |
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The provisions of this Agreement (including particularly, but not limited to, the provisions of Section |
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1 hereof) shall be deemed severable, and the invalidity or unenforceability of any one or more of |
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the provisions hereof shall not affect the validity and enforceability of the other provisions hereof. |
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8. |
Company. |
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As used herein, the term "Company" shall include any corporation which is at any time a parent or |
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subsidiary of Company. |
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9. |
Notices. |
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Any notice required to be or otherwise given hereunder shall be sufficient if in writing, and sent by |
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certified or registered mail, return receipt requested, first-class postage prepaid, as follows: |
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If to Company: |
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If to Contractor: |
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Or to such other address designated by either party following notice to the other. |
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10. |
Entire Agreement. |
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This Agreement contains the entire agreement and understanding by and between Company and |
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Contractor with respect to the covenant against competition herein referred to, and no |
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representations, promises, agreements or understandings, written or oral, not herein contained |
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shall be of any force or effect. No change or modification hereof shall be valid or binding unless |
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the same is in writing and signed by the party intended to be bound. |
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11. |
No Waiver. |
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No waiver of any provision of this Agreement shall be valid unless the same is in writing and signed |
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by the party against whom such waiver is sought to be enforced; moreover, no valid waiver of any |
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provision of this Agreement at any time shall be deemed a waiver of any other provision of this |
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Agreement at such time or will be deemed a valid waiver of such provision at any other time. |
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12. |
Headings. |
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The headings used herein are for the convenience of the parties only and shall not be used to |
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define, enlarge or limit any term of this Agreement. |
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IN WITNESS WHEREOF, Company and Contractor have duly executed this Agreement under seal |
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as of the day and year first above written. |
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○○○, Ltd. Contractor: ○○○, Ltd. |
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By : |
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By : |