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Non-competition contract


Party A: Business license code:
Party B: ID card number:
In view of the important influence of Party A’s known business secrets, in order to protect the legitimate rights and interests of both parties, the two parties have reached the following terms and conditions in accordance with the relevant laws and regulations of the State and the principle of equality, voluntariness and integrity, and the two parties have complied with:
I. Party B’s obligations
1.1 Without the consent of Party A, you may not engage in self-employment or operate for the same industry as Party A during your employment;
1.2 Regardless of the reasons for leaving the company from Party A, the unit that has a competitive relationship with Party A will not be employed within 3 years after leaving the company.
1.3 Regardless of the reasons for leaving the company, the company will not be responsible for the production of products related to Party A's trade secrets within 3 years after leaving the company.
2. Party A's obligation begins from the time when Party B begins to calculate the non-competition restrictions, Party A shall pay Party B a certain amount of compensation for non-competition restrictions according to the period of non-competition. The amount of the compensation fee is the basic salary of Party B before the departure of Party A [excluding bonuses, benefits, labor insurance, etc.]. The compensation fee shall be paid quarterly and shall be paid by Party A to the bank card of Party B through the bank. If Party B refuses to collect, Party A may deposit the compensation fee to the relevant parties.
Third, liability for breach of contract
3.1 If Party B fails to perform its obligations, it shall be liable for breach of contract and pay Party A a liquidated damages at a time, which is 50 times of the basic salary of Party A before leaving Party A. At the same time, Party B’s proceeds from breach of contract shall be returned to Party A.
3.2 Party A fails to perform its obligations and refuses to pay Party B's non-competition compensation fee. Party A shall pay Party B a penalty of RMB 50,000 in one lump sum.
4. Dispute Resolution The dispute arising from this Agreement shall be settled through negotiation between the two parties. If the negotiation fails, it will be submitted to the Suzhou Arbitration Commission for arbitration.
V. Effectiveness of the contract This contract shall take effect from the date of signature by both parties. The modification of this contract must be in written form agreed by both parties.
Both parties confirmed that they have carefully reviewed the contents of the contract and fully understood the legal implications of the various terms of the contract.

person A person B:

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