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Competition Upon Partnership Termination
COMPETITION UPON PARTNERSHIP TERMINATION
As a legally binding addendum and amendment to our partnership agreement dated [Date of agreement] we, [Name of first partner] and [Name of second partner] submit the following:
Each partner reserves the right as a provision of the contractual agreement, to compete against the partners in similar business or business ventures upon termination of the partnership.
Partner Dated
Partner Dated
Witness Date