Non-Compete Agreement
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Non-Compete Agreement
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Non-Compete Agreement

Non-Compete Agreement

A contract preventing an employee from working for competitors or starting a competing business for a specific period after leaving a company.

540.27

(3 customer reviews)

Description

A Non-Compete Agreement restricts an employee from engaging in competitive activities that could harm their former employer. The contract defines the duration, geographic scope, and specific industries covered by the restriction. Non-compete agreements are common in industries where proprietary knowledge and trade secrets are involved, such as technology, finance, and sales. While these agreements protect businesses, they must be reasonable in scope and duration to be legally enforceable. Courts may invalidate overly restrictive clauses that limit an individual’s ability to earn a living.