Definitions for "non-compete agreement"
A contract whereby companies agree not to compete directly with each other for a particular product or service, or an employee agrees not to work for a competitor for a given period of time if he/she leaves the current employer. see also non-disclosure agreement
An agreement that prevents a party from engaging in competitive activities. Sometimes the buyer will request that the seller sign a non-compete agreement.
a type of restrictive covenant that limits an employee's right to work in a particular industry after he or she leaves a company
A contract that restricts participation in a certain market by a company or...