_, referred to as SELLER and_____________, referred to as BUYER, agree:
BUYER and SELLER have entered into an agreement dated ,20 for_____________. In consideration of the mutual covenants and payments to be made pursuant to the agreement, and in further consideration of the sum of _ paid to by BUYER to SELLER, receipt of which is acknowledged by the SELLER, SELLER agrees not to compete with BUYER under the terms and conditions set forth herein. During a period of from the date of this agreement SELLER will not compete at any time, directly or indirectly with BUYER in the fields of:
in the following geographic territory:________________________________________
For the purposes of this agreement “competition” shall be defined to the include, but not be limited to, the following: (a) Participating as a director, stockholder, or partner of, or having any direct or indirect financial interest (including a financial interest as a creditor) in any enterprise engaged in the fields stated above; (b) Participating as an officer, employee, agent, representative, or consultant in, or rendering any services to, any such enterprise within the fields stated above;….
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