FOR GOOD CONSIDERATION, the receipt of which is hereby acknowledged, the undersigned agrees not to compete with (Name), or its successors or assigns.
The term "not to compete" shall mean that the undersigned shall not directly or indirectly compete with [Name] by serving as an officer, owner, partner, director, agent, employee or consultant to any firm or entity substantially engaged in a business similar or competitive to the business of the [Name].
Neither party has made any representations nor promises, other than those contained in this agreement or in some further writing signed by the party making the representation or promise.
The failure of either party to enforce any provision of this Agreement shall not be construed as a waiver or limitation of that party's right to subsequently enforce and compel strict compliance with every provision of this Agreement.
Time of the Essence. Time is of the essence of this Agreement.
Applicable Law. This Agreement shall be governed by the laws of the State of _________.
This agreement shall remain in effect for ___ years from date below and shall extend to the following geographic area:
Signed this ________ day of ________, 20 _.