Platinum Studio’s
Parent Non-compete Agreement
For good consideration and as an inducement for Platinum Studio’s to allow you to observe classes, the undersigned parent hereby agrees to not directly compete with the business of Platinum Studio’s and its successors and assigns during the period that their son/daughter is part of Platinum Studio’s, and for a period of 2 years following termination of their son/daughter as part of Platinum Studio’s, notwithstanding the cause or reason of termination.
The term “non-compete†as used herein shall mean that the Parent shall not own, manage, operate, consult, or to be employed in a business substantially similar to, or competitive with, the present business of Platinum Studio’s may substantially engage during the term the dancer is a part of Platinum Studio’s.
The Parent acknowledges that the Platinum Studio’s shall or may in reliance of this agreement provide the Parent with the ability to observe classes, teaching methods, and good will. The Parent agrees to retain said information as confidential and not to use said information on his or her own behalf or disclose same to any third party.
The non-compete agreement shall extend only for a radius of 25 miles from the present location of Platinum Studio’s and shall be in full force and effect for 2 years, commencing with the date of termination of their son/daughter as part of the Platinum Studio’s.
This agreement shall be binding upon and inure to the benefit of the parties, their successors, assigns, and personal representatives.
Platinum Studio’s
Owner
Beth Murray