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> Pro forma agreement NCA checklist
Pro forma agreement NCA checklist
1. Preliminary Information
Confirm the parties involved in the agreement.
Verify the purpose of the Non-Compete Agreement (NCA).
Gather relevant background information on each party.
2. Definitions and Terms
Ensure all key terms are clearly defined.
Check for consistency in terminology throughout the document.
3. Scope of Non-Compete
Review the geographical limitations of the NCA.
Assess the duration of the non-compete period.
Confirm the specific activities restricted by the NCA.
4. Consideration
Verify that adequate consideration is provided for the NCA.
Ensure mutual benefits are outlined for both parties.
5. Enforcement and Jurisdiction
Identify the governing law applicable to the NCA.
Determine the jurisdiction for dispute resolution.
Review any clauses related to enforcement and remedies.
6. Confidentiality Provisions
Check for inclusion of confidentiality clauses.
Ensure that the definition of confidential information is clear.
7. Termination Clauses
Review conditions under which the NCA can be terminated.
Ensure both parties' rights upon termination are outlined.
8. Signatures and Execution
Confirm that all parties have signed the agreement.
Check for proper date and witness requirements, if applicable.
9. Review and Compliance
Ensure compliance with local laws and regulations.
Review the agreement for any potential legal issues.
10. Documentation and Record Keeping
Ensure that copies of the signed agreement are kept by all parties.
Establish a system for tracking compliance with the NCA.
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