Pro Forma Notice Non Compete
Pro Forma Notice Non Compete
_______________
_______________
_______________
Dear ______________;
NON-COMPETE CLAUSE
Upon termination of the existing relationship between the parties, the FOUNDING
TEAM LEADER is prohibited to join another realty directly in competition with that of
_________________ within one year from disaffiliation. Otherwise, the FOUNDING
TEAM LEADER shall be liable to ___________ in the amount of Php 100,000.00 as
liquidated damages for breach of the latter provision.
CONFIDENTIALITY
NON-SOLICITATION
The FOUNDING TEAM LEADER covenants and agrees that during the term of the
latter’s affiliation with ________ and for twelve (12) months after the termination
thereof, regardless of the reason, FOUNDING TEAM LEADER shall not directly or
indirectly solicit or attempt to solicit any business from any of ______________
customers, customer prospects, or vendors with whom the FOUNDING TEAM
LEADER had material contact during the last two (2) years of the latter’s affiliation with
________________.
May we remind you that you are bound by these terms and that your violation
or non-compliance thereof opens you to possible legal liabilities.
We trust that you give utmost importance on these matters to spare yourselves
the costs and inconvenience of a protracted legal action and even the possibility
of losing your professional license.